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value 10.00 points The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016: lotal Accounts $128,300 Historical %

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value 10.00 points The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016: lotal Accounts $128,300 Historical % Uncollectible Number of Days Unpaid Not yet due 4% 11% 17% 34% st due Over 60 days past due 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 Debt Expense for the year. (If no entry is required for a transac Required" in the first account field.) adjusting entry to record Bad tionfevent, select "No Journal Entry View transaction list Journal entry worksheet Record the adjusting entry to record bad debt expense for the year July 31, 2016 Note: Enter debits before credits General Journal Debit Credit July 31, 2016

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