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3 years ago

The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016:

Business

1 answer:

dybincka [34]3 years ago

6 0

Answer:

a. June 30, 2016 adjusting entry for bad debt expense

Dr Bad debt expense 9,108

Cr Allowance for doubtful accounts 9,108

b. August 15, 2016, uncollectible accounts are written off

Dr Allowance for doubtful accounts 3,251

Cr Accounts receivable 3,251

c. Allowance for doubtful accounts

debit credit

June 30, 2016 $38,565

August 15, 2016 <u>$3,251 </u>

August 15, 2016 $35,314

Explanation:

Number of Days Total Accounts Historical % Total

Unpaid Receivable Uncollectible

Not yet due $128,200 3% $3,846

1-30 days past due $90,900 13% $11,817

31-60 days past due $55,300 19% $10,507

Total $38,565

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Answer:

The correct answer is c. Appraisal of the environment and comparison against established criteria.

Explanation:

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3 years ago

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Answer:

D - identify Requirements

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2 years ago

The global stock market is often volatile. if your entire investment portfolio loss 10% of it's value in a month during a market

yaroslaw [1]

Answer:

B sell some

Explanation:

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2 years ago

Nour is usually the person who takes charge of the situation and gets people moving toward the group's objective. Nour probably

jonny [76]

Answer:

Power.

Explanation:

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2 years ago

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umka2103 [35]

Answer:

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