All transactions below relate to Biancardi Construction Ltd’s uncollectable accounts for the financial year ended 30 June 2015. The company is registered for GST.

July    18	Wrote off the $572 account of F. Forrest as uncollectable.
Oct.    19	Reestablished the account of K.Mears and recorded the collection of $1650 in full payment of his account, which had been written off previously.
Jan.    31	Received 40% of the $880 balance owed by B. Blanck and wrote off the remainder as uncollectable.
Feb.   16	Wrote off as bad the accounts of Denis Co. Ltd, $2530, and H. Howard, $3520.
March 20	Received 25% of the $1584 owed by JB Plumbers and wrote off the remainder as a bad debt.
April   16	Received $1067 from G. Digby in full payment of his account, which had been written off earlier as uncollectable.
June   30	Estimated bad debts expense for the year to be 1.5% of net credit sales of $631 000 (excluding GST).

The Accounts Receivable account had a balance at 30 June 2015 of $189 200, and the beginning (1 July 2014) balance in the Allowance for Doubtful Debts account was $9300.

Required

A. Prepare journal entries for each of the transactions.

B. Determine (1) the balance in the Allowance for Doubtful Debts account after the 30 June adjustment, and (2) the expected realisable value of the accounts receivable as at 30 June.

C. Assume that instead of basing the allowance for doubtful debts on net credit sales, the estimate of uncollectable accounts is based on an ageing of accounts receivable and that $11 630 of the accounts receivable as at 30 June was estimated to be uncollectable. Determine:

            1.   The general journal entry to bring the allowance account to the desired balance

            2.   The expected realisable value of the accounts receivable as at 30 June.