The receivables ledger of Caraway plc included the following balances: Total Receivables Ledger balances 89,600 Bad debts

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The receivables ledger of Caraway plc included the following balances:

Total Receivables Ledger balances £89,600 Bad debts included within that total £2,700 Doubtful debts identified at the end of the year £6,200 There was also an opening provision for doubtful debts of £4,700.

Show the entries relevant to trade receivables that would appear in the company’s income statement and statement of financial position.

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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