Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule...

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Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Not 1-30 31-60 61-90 Over 90 Past Days Days Customer Balance Due Past Due Past Due Days Past Due Days Past Due Subtotals 570,900 336,800 125,600 51,400 28,500 28,600 Boyd Industries 16,300 16,300 Hodges Company 19,800 19,800 Kent Creek Inc. 6,700 6,700 Lockwood Company 10,400 10,400 Van Epps Company 30,800 30,800 Totals 654,900 367,600 136,000 58,100 Percentage uncollectible 1% 6% 20% 48,300 30% 44,900 45% Allowance for Doubtful Accounts 58,151 3,676 8,160 11,620 14,490 20,205 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 12,210 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. July 31 Bad Debt Expense Allowance for Doubtful Accounts Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Not 1-30 31-60 61-90 Over 90 Past Days Days Customer Balance Due Past Due Past Due Days Past Due Days Past Due Subtotals 570,900 336,800 125,600 51,400 28,500 28,600 Boyd Industries 16,300 16,300 Hodges Company 19,800 19,800 Kent Creek Inc. 6,700 6,700 Lockwood Company 10,400 10,400 Van Epps Company 30,800 30,800 Totals 654,900 367,600 136,000 58,100 Percentage uncollectible 1% 6% 20% 48,300 30% 44,900 45% Allowance for Doubtful Accounts 58,151 3,676 8,160 11,620 14,490 20,205 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 12,210 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. July 31 Bad Debt Expense Allowance for Doubtful Accounts