uestion 22 The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of...

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uestion 22 The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019: Total Accounts Receivable Historical % Uncollectible Number of Days Unpaid Not yet due $ 126,500 296 1-30 days past due 1296 89.200 53,600 1896 31-60 days past due Over 60 days past due 31,800 35% Required: Part a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $28.947 on July 31, 2019. Prepare the required a for the year. Part b. Johnston Supplies, Inc. writes off $3,081 of uncollectible accounts on August 15, 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 Doubtful Accounts on August 15, 2019. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). V Ev E v Arial BIUS Paragraph I 14px 4 v %0 V D uestion 22 The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019: Total Accounts Receivable Historical % Uncollectible Number of Days Unpaid Not yet due $ 126,500 296 1-30 days past due 1296 89.200 53,600 1896 31-60 days past due Over 60 days past due 31,800 35% Required: Part a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $28.947 on July 31, 2019. Prepare the required a for the year. Part b. Johnston Supplies, Inc. writes off $3,081 of uncollectible accounts on August 15, 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 Doubtful Accounts on August 15, 2019. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). V Ev E v Arial BIUS Paragraph I 14px 4 v %0 V D

Answer rating: 100% (QA)

Estimated allowance for doubtful accounts 1265002892001253600183180035 34012 Adjusting entry Date a... View the full answer