Jones Ltd Trial Balance at 30 September 20X0 included: Debit $ Credit $ Receivables ledger control account
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Question:
Debit $ Credit $
Receivables ledger control account 90,350
Allowance for doubtful debts brought forward 2,490
The following information is also available:
(1) No entries have been made in respect of cash of $1,320 received from Marylyn Ltd
whose balance had been written off last year, and
2) At 30 September 20X0 an irrecoverable balance of $1,950 is to be written off and the
receivable allowance is to be adjusted to 1·5% of the remaining balance
Calculate the figure that will be reported in the statement of financial position at 30
September for receivables.
Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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