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Below is the aging of receivables schedule for Evers Industries.
| Aging of Receivables Schedule July 31 |
| Customer | Balance | Not Past Due | 1-30 Days Past Due | 31-60 Days Past Due | 61-90 Days Past Due | Over 90 Days Past Due |
| Subtotals | 1,050,000 | 600,000 | 220,000 | 115,000 | 85,000 | 30,000 |
| | | | | | | |
| Boyd Industries | 36,000 | | | | | 36,000 |
| Hodges Company | 11,500 | | | | 11,500 | |
| Kent Creek Inc. | 6,600 | | | 6,600 | | |
| Lockwood Company | 7,400 | 7,400 | | | | |
| Van Epps Company | 13,000 | | 13,000 | | | |
| Totals | 1,124,500 | 607,400 | 233,000 | 121,600 | 96,500 | 66,000 |
| Percentage uncollectible | | 1% | 3% | 12% | 30% | 75% |
| Allowance for Doubtful Accounts | 106,106 | 6,074 | 6,990 | 14,592 | 28,950 | 49,500 |
Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $8,240 before adjustment on July 31.
Journalize the adjusting entry for uncollectible accounts as of July 31. If an amount box does not require an entry, leave it blank.
| July 31 | Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCashSales | - Select - | - Select - |
| | Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCashSales | - Select - | - Select - |
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