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The following summarizes the aging of accounts receivable for Johnson supplies as of July 31,...

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Accounting

The following summarizes the aging of accounts receivable for Johnson supplies as of July 31, 2016
Days unpaid Total AR. Historical %
Not due yet - 127,900 4%
1-30. - 90,600. 11%
30-60 - 55,000 17%
Over 60. - 33,200. 33%
The unadjusted balance of the ADA is a credit balance of $29, 367 on July 31, 2016. Prepare the required adjusting entry to record Bad debt expense for the year.
Record the adjusting entry to record bad debt expense for the year July 31

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