M Mandic sent a tax invoice to S Miguel $2695 ($2450 + $245 GST) in July 2022.
Question:
M Mandic sent a tax invoice to S Miguel $2695 ($2450 + $245 GST) in July 2022. Funds had been promised but not received. On 7 December 2022, S Miguel paid $990 and was unable to pay any more. Write off the balance of S Miguel’s account at the end of December as a bad debt.
Show the transactions for December only in the relevant journals but show all transactions in the general and subsidiary ledgers.
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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