Hardy Ltd provides cruise tours for seniors. Hardy Ltd provides these tours to four tour providers: A Ltd, F Ltd, N Ltd and Y Ltd.

The following was extracted from the schedule of debtors:

The following was extracted from the sales journal:

The following was extracted from the cash receipts journal:

The following information is also available (before any write-offs):

No further sales were made during the year to Y Ltd, and it was decided at the end of the year that his remaining account would be written off against the Allowance for doubtful debts. The closing balance of the allowance for doubtful debts for 2016 is 3 percent of total credit sales for the year.
1. Calculate the missing figures (a) through (h). Show all workings,

a. A Ltd (opening balance)

b. N Ltd (opening balance)

c. Y Ltd (closing balance - before write-off)

d. F Ltd (sales)

e. Accounts receivable control (opening balance)

f. Total credit sales for 2016

g. Allowance for doubtful debts for 2016 (closing balance)

h. Bad debts expense for 2016

2. Using the general journal format, complete the following journal entries (as at the end of 2016):

a. Write-off the remaining balance of Y Ltd's account,

b. Recognise the bad debts expense for the year.

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2015 $ (a) 2016 $ 29 432 A Ltd F Lid 65 147 94564 N Ltd (b) 47733 Y Ltd 29 924 (c)