D Burrinjuck had written off R Krui as a bad debt for $3850 ($3500 + $350 GST)
Question:
D Burrinjuck had written off R Krui as a bad debt for $3850 ($3500 + $350 GST) in January 2021. In June 2023, D Burrinjuck received a cheque paying 40 cents in the dollar off the original account receivable amount which had previously been written off.
Prepare the relevant journals and ledgers including the subsidiary ledger to correctly process the receipt and GST.
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Recovering Bad Debt from R Krui Journal Entries and Ledgers Scenario D Burrinjuck wrote off R Krui a...View the full answer
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Related Book For 
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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