Albring Ltd. sells electronics equipment, and has grown rapidly in the last year by adding new customers. The audit partner has asked you to evaluate the allowance for doubtful debts at 30 June 20X4. Comparative information on sales and accounts receivable is included below:

Transcribed Image Text:

Year ended 30/6/20X4 Year ended 30/6/20X3 Sales Accounts receivable Allowance for doubtful debts Bad debt write-offs Accounts receivable $12 169 876 1440 381 90000 114849 $10 452 513 1030 933 75 000 103471 0-30 days 30-60 days 60-90 days Over 90 days $897035 254 269 171846 117231 $1440 381 $695 041 160989 105 997 68906 $1030 933 TOTAL