y Write your answer in the space provided or on a separate sheet of paper. 21) worthington Co. issues $500,000 of 5 year, 6% bonds on January 1, 2018. Required: Prepare the journal entry to record the issuance of the bonds under each of the following assumphor Part a. The bonds are sold at 100. Part b. The bonds are sold at 102 Part c. The bonds are sold at 96. 22) Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $34,000. estimated residual value was $10,000 at the end of an estimated 5-year life. The company expects to P a total of 20,000 units. The company produced 2,500 units in 2018 and 3,200 units in 2019. Required: Part a. Calculate depreciation expense for 2018 and 2019 using the straight-line methord. Part b. Calculate the depreciation expense for 2018 and 2019 using the units-of-production method. Part c. Calculate depreciation expense for 2018 through 2022 using the double-declining balance m SHORT ANSWER. question. Write the word or phrase that best completes each statement or answers the 23) The following summarizes the aging of accounts receivable for Johnston Supplies 23) as of July 31, 2019: Historical % Uncollectible Total Accounts Number of Days Unpaid Receivable S 126,500 89.200 Not yet due 1-30 days past due 31-60 days past due Over 60 days past due 2% 12% 18% 35 % 53,600 31,800 Required: Part a. The unadjusted balance of the Allowance for Doubtful Accounts of Johns Supplies, Inc. is a credit balance in the amount of $28,947 on July 31, 2019. PrepaRe the required adjusting entry to record Bad Debt Expense for the year. Part b. Johnston Supplies, Inc. writes off $3,081 of uncollectible accounts on August 5 2019. Prepare the required adjusting entry to record the write-off. Part c. Use a T-account to determine the account balance in the Allowance for Dovbt f Accounts on August 15, 2019