3. George Gibson started trading on 01 January 2011, adjusted its bad debt provision at the...

 

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3. George Gibson started trading on 01 January 2011, adjusted its bad debt provision at the end of each year on a percentage basis. Bad Debts written off Debtors at Provision for Year to 31 December 31 December Bad Debts 2011 $ 1,500 $ 30,000 5% 2012 $ 2,000 $ 40,000 5% 2013 $ 3,600 $ 60,000 6% Show the Bad Debts account, Provision for Bad Debts accounts for each for the 3 years and the Balance Sheet extracts as at 31 December 2011, 2012 and 2013. 3. George Gibson started trading on 01 January 2011, adjusted its bad debt provision at the end of each year on a percentage basis. Bad Debts written off Debtors at Provision for Year to 31 December 31 December Bad Debts 2011 $ 1,500 $ 30,000 5% 2012 $ 2,000 $ 40,000 5% 2013 $ 3,600 $ 60,000 6% Show the Bad Debts account, Provision for Bad Debts accounts for each for the 3 years and the Balance Sheet extracts as at 31 December 2011, 2012 and 2013.