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Verdana DID 4 9 + IUA 4 5 6 Adjustment for Uncollectible Accounts T industries has computed that the proper balance for the Allowance for

Verdana DID 4 9 + IUA 4 5 6 Adjustment for Uncollectible Accounts T industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $70,087. Assume that the allowance for doubtful accounts for T Industries has a credit balance of $14,720 before adjustment on August 31. . Journalize the adjusting entry for uncollectible accounts as of August 31. Aug 31 BAD DEBT EXPENSE ALLOWANCE FOR DOUBTFUL ACCOUNTS 111 4

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