Assignment PRINTER VERSI0 BACK NEXT CES End of Chapter Exercise 12.3 The following transactions relate to the gardening maintenance business of Steve Jones. The balance in the allowance for doubtful debts account on 1 July 2014 was $8,270. The bed debts during the year ended 30 June 2015 amounted to $5,800. Debtors balances on 30 June 2015 after the bad debts had been written off total $181,070, and a new alowance of 5% of debtors is required. (gnore GST for the purposes of this exercise.) A Collapse question part Your answer is partially correct. Try again. Prepare and balance the allowance for doubtful debts account for the year to 30 June 2015. (Post entries in the erder displayed in the problem statement. Leave blank any fields following your answers that do not require an entry. For example, if there are two rows for entries, and only one entry is required, enter your answer in the first row and leave the second row blank. Round answers p0 decimal places, e.g. 5,275.) Allowance for doubtful debts 2015 | 2014 30/6 Bad debts expenser 181070 1/7 Balances 8270 30/6 Bad debts expense 5800 30/6 Balance cid 178600 186870 186870 2015 30/6 Balance b/d 178600 LINK TO TEXT LINK TO STUDY U ent RESOURCES PRINTER VERSeo BACK NEXT End of Chapter Exercise 12.3 The following transactions relate to the gardening maintenance business of Steve Jones. The balance in the allowance for doubeul debts account on 1 July 2014 was $8,270. The bad debts during the year ended 30 June 2015 amounted to $5,800. Debtors balances on 30 Aune 2015 after the bad debts had been written off total $181,070, and a new allowance of 5% of debtors is required (lpnore GST for the purposes of this exercise.) work: r Payables ter Exercise er Problem r Exercisd LYour answer is partialy con Colapse question part er Problem Prepare and balance the allowance for doubtful debts account for the year to 30 June 2015. (Post entries in the order displayed in the preblem atatement. Leave blank any fields folowing your answers that do not require an entry, For example, if there are two rows for entries, and only one entry is required, enter your answer in the first row and leave the second row blank. Round answers to 0 decimal places, e.g. 5,275.) er Probiem ncse 16.2 Allowance for doubtful debts by Study 2015 2014 30/6 Bad debes expense 181070 1/7 Balance 8270 30/6 Bad debts expense 5800 30/6 Baance c 178600 186870 186870 |2015 30/6 Balance bid 178600 LENK TO TEKm LINK TO ISTUor Version 4.24,15.6 I Privacy Policy 1 2000-2019 John Wiey & Sons, Inc. All Rights Reserved. A Division of John Wley & Sons, Inc