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The following summarizes the aging of accounts receivable for Johnston Supplies, Incorporated as of July 31, 2022: Required: a. The unadjusted balance of the Allowance
The following summarizes the aging of accounts receivable for Johnston Supplies, Incorporated as of July 31, 2022: Required: a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Incorporated is a credit balance in the amount of $29,277 on July 31, 2022. Prepare the required adjusting entry to record Bad Debt Expense for the year. b. Johnston Supplies, Incorporated writes off $3,191 of uncollectible accounts on August 15, 2022. Prepare the required adjusting en 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. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Incorporated is a credit balance in the amount of $29,277 on July 31, 2022. Prepare the required adjusting entry to record Bad Debt Expense for the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry to record bad debt expense for the year July 31, 2022
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