The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of Jul Total Accounts | Historical % Uncollectible Number of Days Unpaid Not vet due 1-30 days past due 31-60 days past due Over 60 days past due Receivable $128,100 $90,800 2% 12% 18% 36% $33.400 Required: a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29,427 on July 31, 2016. Prepare the required adjusting entry to record B Debt Expense for the year. (If no entry is required for a transaction/event, select No Journal Er Required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry to record bad debt expense for the year July 31 2016. Note: Enter debits before credits. Date General Journal Debit Credit July 31, 2016