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The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016 Total Accounts Historical Uncollectible Number of Days Unpaid
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016 Total Accounts Historical Uncollectible Number of Days Unpaid Receivable $126 900 2% Not yet due 1-30 days past due $89,600 12% 31-60 days past due $54,000 18% S32 200 Over 60 days past due 33% Required a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $29,067 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 view general journal Journal Entry Worksheet Record the adjusting entry to record bad debt expense for the year July 31, 2016. Date General Journal Debit Credit 4,569 July 31, 2016 Bad Debt Expense 4,569 Allowance for Doubtful Accounts *Enter debits before credits done clear entry record entry
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