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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 Unpaid
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 $126,600 89,300 53,700 31,900 13% 198 368 Required: a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $28,977 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year. b. Johnston Supplies, Inc. writes off $3,091 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 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 $28,977 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year 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 $28,977 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. General Journal Date Debit Credit July 31, 2019 Record entry View general journal Clear entry Required C Required A Required B ohnston Supplies, Inc. writes off $3,091 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. Debit Credit Date General Journal August 15, 2019 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required A Required B Required C Use a T-account to determine the account balance in the Allowance for Doubtful Accounts on August 15, 2019 Allowance for Doubtful Accounts K Required B Required C
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