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TB Problem 8-214 (Algo) The following summarizes the aging of accounts... The following summarizes the aging of accounts receivable for Johnston Supplies, Incorporated as
TB Problem 8-214 (Algo) The following summarizes the aging of accounts... The following summarizes the aging of accounts receivable for Johnston Supplies, Incorporated as of July 31, 2022: Number of Days Unpaid Not yet due 1 to 30 days past due 31 to 60 days past due Over 60 days past due " Required: Total Accounts Receivable Historical Uncollectible $ 127,700 29 90,400 12 54,800 188 33,000 376 ences a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Incorporated is a credit balance in the amount of $29,307 on July 31, 2022. Prepare the required adjusting entry to record Bad Debt Expense for the year. b. Johnston Supplies, Incorporated writes off $3,201 of uncollectible accounts on August 15, 2022. Prepare the required adjusting entry to record the write-off. c. Use a T-account to determine the account balance in the Allowance for Doubtful Accounts on August 15, 2022. Complete this question by entering your answers in the tabs below.
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