Paul Simpson is a sole trader. During the year ended 31 March 20-8 the following customers were declared bankrupt:

You are required to write up the bad debts account in the ledger of Paul Simpson for the year ended 31 March 20-8. Include all relevant dates and show clearly the amount to be transferred to the appropriate final account.

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Date Customer Amount of Rate received in debt final settlement 20-7 31 July J. Brown 275.50 20p in the pound 30 September K. Lawson 350.00 55p in the pound 31 December B. Nicholas 190.50 40p in the pound 20-8 28 February M. Swan 164.00 25p in the pound