Question: CALCULATOR PRINTER VERSION BACK NEX End of Chapter Exercise 12.2 The following transactions relate to the gardening maintenance business of Steve Jones. The balance in
CALCULATOR PRINTER VERSION BACK NEX End of Chapter Exercise 12.2 The following transactions relate to the gardening maintenance business of Steve Jones. The balance in the allowance for doubtful debts account on 1 July 2018 was $6,100. The bad debts during the year ended 30 June 2019 amounted to $4,280. Debtors' balances on 30 June 2019 after the bad debts had been written off total $133,570, and a new allowance of 5% of debtors is required. (ignore GST for the purposes of this exercise.) Prepare and balance the allowance for doubtful debts account for the year to 30 June 2019. (Post entries in the order 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 ro blank. Round answers to decimal places, e.g. 5,275.) Allowance for doubtful debts 2019 2018 1/7 Balance 1/7 Balance 30/6 Accounts receivable 30/6 Bad debts expense v 30/6 Bad debts expense 30/6 Balance od 30/6 Balance byd 2019 6.100 Click if you would like to Show Work for this question: Open Short Work
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