The following summarizes the aging of accounts receivable for Johnston Supplies, Inc as of July 31, 2016: p aid |TotalAccourts! Number of DaysU Historical % Uncollectible Receivable $128,300 $91,000 $55,400 Not vet due ue 11% 31-60 days past due 34% Required: a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc is a credit balance in the amount of $29,487 on July 31, 2016. 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.) View transaction list Journal entry worksheet Record the adjusting entry to record bad debt expense for the year July 31, 2016