The information was extracted from the book of Andy Traders for the year ended 31 August 2020
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Question:
The information was extracted from the book of Andy Traders for the year ended 31 August 2020
Balance in the debtor’s ledger on 1 August 2020
H. Mushimba N$3,800
Transaction
11. Credit sales of goods to B. Motseng, N$4,000
24.H. Mushimba cannot be traced, his account must be written off.
27. Received N$2, 600 by cheque from J. Phiri, a debtor who was written off.
31. B. Motseng is bankrupt. He paid 40 cent in a dollar by cheque, the was written off as irrecoverable.
Required
(a) Prepare journal entries for writing off bad debts
(b) Open the following accounts in the books of Addy Traders for August 2020
(i)Bad debts account
(ii) Bad debts recovered
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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