The following transactions relate to Clover Landscaping Services owned by Rob Clover. The balance in the Allowance for Doubtful Debts account on 1 July 2023 was \($4\) 464. The bad debts during the year ended 30 June 2024 amounted to \($3\) 132. Debtors’ balances on 30 June 2024 after the bad debts had been written off total \($97\) 775, and a new allowance of 3% of debtors is required. (Ignore GST)

Required:

(a) Prepare and balance the Allowance for Doubtful Debts account for the year to 30 June 2024.

(b) Show how the above information would be disclosed in:

i. the statement of profit or loss for the year ended 30 June 2024.

ii. the statement of financial position as at 30 June 2024.