What will be the closing balance of Allowance for doubtful debt shown on the balance sheet after
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Question:
What will be the closing balance of Allowance for doubtful debt shown on the balance sheet after write of bad debts as at 31 July 2022? (Hint : use the information in the previous 2 questions
Peter Co uses a periodic inventory system and purchases (use 4 decimal points for unit cost) for the month of August were:
Date | Units | Unit cost $ | |
Beginning Inventory | 1-Aug | 2800 | 2.3014 |
Purchase | 10-Aug | 7400 | 3.2818 |
Purchase | 21-Aug | 2800 | 4.4999 |
Purchase | 29-Aug | 8100 | 5.5179 |
Related Book For
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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