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Vlad1618 [11]
3 years ago
8

The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $2

9,427 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year. Johnston Supplies, Inc. writes off $3,241 of uncollectible accounts on August 15, 2019. Prepare the required adjusting entry to record the write-off. Use a T-account to determine the account balance in the Allowance for Doubtful Accounts on August 15, 2019.

Business
1 answer:
mamaluj [8]3 years ago
3 0

Answer:

1.Adjustment required=$6713

Attachment contains the calculation, journal entry write off and allowance for doubtful account

Explanation:

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