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The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019 Total Accounts Historical Uncollectible % Number of Days
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019 Total Accounts Historical Uncollectible % Number of Days Unpaid Receivable Not yet due 1-30 days past due 31-60 days past due Over 60 days past due $127,500 90,200 54,600 32,800 4% 17% 35% Required: a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29,247 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year. b. Johnston Supplies, Inc. writes off $3,181 of uncollectible accounts on August 15, 2019. 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, 2019 Complete this question by entering your answers in the tabs below Required ARequired B Required C Johnston Supplies, Inc. writes off $3,181 of uncollectible accounts on August 15, 2019. Prepare the required adjusting entry to record the write-off Required A Required B Required C The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29,247 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year. View transaction list Journal entry worksheet Record the adjusting entry to record bad debt expense for the year July 31 2019 Note: Enter debits before credits. Debit Date General Journal Credit July 31, 2019 View general journal Record entry Clear entry Required ARequired BRequired C Johnston Supplies, Inc. writes off $3,181 of uncollectible accounts on August 15, 2019. Prepare the required adjusting entry to record the write-off. View transaction list Journal entry worksheet Record the required adjusting entry to record the write-off on August 15, 2019 Note: Enter debits before credits. Date Debit General Journal Credit August 15, 2019 View general journal Record entry Clear entry Complete this question by entering your answers in the tabs below. Required A Required BRequired C Use a T-account to determine the account balance in the Allowance for Doubtful Accounts on August 15, 2019 Allowance for Doubtful Accounts Required B Requiredc
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