On 1 January 2017, Diego Ltd had Accounts Receivable $146 000; Notes Receivable $15 000; and Allowance

Question:

On 1 January 2017, Diego Ltd had Accounts Receivable $146 000; Notes Receivable $15 000; and Allowance for Doubtful Debts $13 200. The note receivable is from Annabelle Ltd. It is a 4-month, 12% note dated 31 December 2016. Diego Ltd prepares financial statements annually. During the year the following selected transactions occurred. 


Required

Journalise the transactions. 

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

Question Posted: