The information in the following table relates to the accounts receivable and allowance for doubtful debts of
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The information in the following table relates to the accounts receivable and allowance for doubtful debts of Exotic North Travel Services Ltd. The balance of the Allowance for Doubtful Debts account on 1 July 2022 totalled $18 200 credit. Management has stipulated the allowance for doubtful debts should be based on 3% of net credit sales.
Required:
Calculate the missing amounts in the table above.
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Related Book For
Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
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