The following details were obtained from the accounting records of Civil Construction Consultants at the end of the financial year The firm requires an allowance for doubtful debts of 10 of outstanding fees at 30 June Ignore GST Required (a) Prepare the appropriate general journal entries (b) Prepa...

The following details were obtained from the accounting records of Civil Construction Consultants at the end of

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The following details were obtained from the accounting records of Civil Construction Consultants at the end of the financial year.

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The firm requires an allowance for doubtful debts of 10% of outstanding fees at 30 June.
Ignore GST.

Required

(a) Prepare the appropriate general journal entries.

(b) Prepare and balance the Allowance for Doubtful Debts account at 30 June 2019.

(c) Show the amount(s) to be charged as bad debts expense for the year.

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Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

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Question Posted: Mar 09, 2024 06:00 AM

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The following details were obtained from the accounting records of Civil Construction Consultants at the end of

Question:

Consulting fee owing Allowance for doubtful debts Debts to be written off $470000 (excludes GST) 30000 9100 (excludes GST)

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Financial Accounting

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