1)

Ifthe Swedi Company has the following opening account balances for individual debtors: $4 000, $5 000, $2 000; and cash received from debtors during the period amounted to $3 000, then the closing balance of the control account for accounts receivable is:

2)

Oldroyd sold 100 air fryers for $120 each on 30 June. At that date, the stock card for the air fryers sold had a total of 140 air fryers on hand at an average cost of $55.00 each. What is the cost of the air fryers recognised in the income statement? Assume the weighted average method of costing is used.

3)

The allowance for doubtful debts account has a balance at the start of the year of $1800. At the end of the year debts of $800 are to be written off and the allowance for doubtful debts is to be adjusted to 10% of the closing accounts receivable balance of $30 000. The amount for bad and doubtful debts appearing in the income statement for the year will be: