Jennifer Agueliyah is a dealer in fancy goods. At 1 January 2007 his ledger included the...

 

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Jennifer Agueliyah is a dealer in fancy goods. At 1 January 2007 his ledger included the following balances. Debtors Provision for doubtful debts Creditors The debtors at 1 January 2007 were as follows: The Miklin Executive Hotels The creditors at 1 January 2007 were as follows. S Mahama J Baafi Purchases day book Normenyo James Nkomode Obraku Sarpong M Normenyo James Nkomode Obraku Sarpong Cash payments book Normenyo James Nkomode Obraku Sarpong (2) During January 2007 Agueliya's books of prime entry showed the following. GHc (a) (b) (c) (d) (e) 2,850 2,055 3,360 8,265 GHC 2,700 150 2,469 5,319 Requirements Write up for the month of January 2007 Sales day book Mahama Individual debtors and creditors accounts GHc 17,349 2,850 16,593 GHC 5,700 5,823 5,826 GHc 5,481 5,553 5,559 The flowing information is relevant. (1) The opening provision for doubtful debts consisted of a 50% provision against Mahama's debt. During January Mahama was run over by an invalid car in Kasoa and was found to have died penniless. Baafi argued about GHe 123 of her outstanding balance, saying that the goods concerned were of the wrong design. Agueliya decided to provide for this amount as a specific provision. Baafi Miklin Executive Hotels Sales and purchases accounts Debtors and creditors' ledger control accounts Provision for doubtful debts and bad debt expense accounts The individual debtors and creditors listings Cash receipts book Baafi Miklin Executive Hotels GHc 150 5,280 4,995 10,425 GHc 5,700 5,826 11,526 Jennifer Agueliyah is a dealer in fancy goods. At 1 January 2007 his ledger included the following balances. Debtors Provision for doubtful debts Creditors The debtors at 1 January 2007 were as follows: The Miklin Executive Hotels The creditors at 1 January 2007 were as follows. S Mahama J Baafi Purchases day book Normenyo James Nkomode Obraku Sarpong M Normenyo James Nkomode Obraku Sarpong Cash payments book Normenyo James Nkomode Obraku Sarpong (2) During January 2007 Agueliya's books of prime entry showed the following. GHc (a) (b) (c) (d) (e) 2,850 2,055 3,360 8,265 GHC 2,700 150 2,469 5,319 Requirements Write up for the month of January 2007 Sales day book Mahama Individual debtors and creditors accounts GHc 17,349 2,850 16,593 GHC 5,700 5,823 5,826 GHc 5,481 5,553 5,559 The flowing information is relevant. (1) The opening provision for doubtful debts consisted of a 50% provision against Mahama's debt. During January Mahama was run over by an invalid car in Kasoa and was found to have died penniless. Baafi argued about GHe 123 of her outstanding balance, saying that the goods concerned were of the wrong design. Agueliya decided to provide for this amount as a specific provision. Baafi Miklin Executive Hotels Sales and purchases accounts Debtors and creditors' ledger control accounts Provision for doubtful debts and bad debt expense accounts The individual debtors and creditors listings Cash receipts book Baafi Miklin Executive Hotels GHc 150 5,280 4,995 10,425 GHc 5,700 5,826 11,526

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a Individuals Debtors and Creditors Account Debtors Account Particulars Amount Particulars Amount S ... View the full answer