Gravett Ltd's balance date was 31 December 2021 and its general ledger account for allowance for...

 

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Gravett Ltd's balance date was 31 December 2021 and its general ledger account for allowance for doubtful debits is shown below: Allowance for Doubtful Debts Debit Date $3,600 01-01-21 Date 01-06-21 Accounts Receivable 31-12-21 Closing Balance Particulars A▾ BIT G O </> # X Required: Reproduce the journal entry for (a) the reversal of the write-off of an uncollectible debt including the effect on the GST clearing account, and (b) the adjustment to the allowance for doubtful debts account on the balance date. Use the answer template below or upload your answer in a Word document. Gravett Ltd's General Journal: Date (a) (b) Opening Balance 01-09-21 Accounts Receivable Bad debt expense $6,100 31-12-21 $9,700 Particulars = = % SS † Account Names (To recognise a debt that had previously been deemed uncollectible and written-off) (To adjust the allowance for doubtful debts) Credit $7,350 $ 500 $1,850 $9,700 Debit US X₂ x² Credit ill = IIII lil Til F BEER 曲 T I 5 с :** 3 marks Gravett Ltd's balance date was 31 December 2021 and its general ledger account for allowance for doubtful debits is shown below: Allowance for Doubtful Debts Debit Date $3,600 01-01-21 Date 01-06-21 Accounts Receivable 31-12-21 Closing Balance Particulars A▾ BIT G O </> # X Required: Reproduce the journal entry for (a) the reversal of the write-off of an uncollectible debt including the effect on the GST clearing account, and (b) the adjustment to the allowance for doubtful debts account on the balance date. Use the answer template below or upload your answer in a Word document. Gravett Ltd's General Journal: Date (a) (b) Opening Balance 01-09-21 Accounts Receivable Bad debt expense $6,100 31-12-21 $9,700 Particulars = = % SS † Account Names (To recognise a debt that had previously been deemed uncollectible and written-off) (To adjust the allowance for doubtful debts) Credit $7,350 $ 500 $1,850 $9,700 Debit US X₂ x² Credit ill = IIII lil Til F BEER 曲 T I 5 с :** 3 marks

Answer rating: 100% (QA)

a Accounts receivable Dr 1850 Bad debt expense Cr ... View the full answer