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The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019 Total Accounts Historical % Number of Days Unpaid
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019 Total Accounts Historical % Number of Days Unpaid Receivable Uncollectible Not yet due 1-30 days past due 31-60 days past due Over 60 days past due $127,100 89,800 54,200 32,480 4% 11% 17% 36% Required a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29,127 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year b. Johnston Supplies, Inc. writes off $3,141 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 RequiredA 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 $29,127 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Required A Required B Required C Johnston Supplles, Inc. writes off $3,141 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 wrlte-off on August 15, 2019 Note: Enter debits before credits. Date General Journal Debit Credit August 15, 2019 a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29,127 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year b. Johnston Supplies, Inc. writes off $3,141 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 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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