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$3,200 $68,070 An extract of Super Snooper's Ledger accounts at 30 June 2019 reveals the following: Allowance for Doubtful Debts 1 July 2018 Accounts

 

$3,200 $68,070 An extract of Super Snooper's Ledger accounts at 30 June 2019 reveals the following: Allowance for Doubtful Debts 1 July 2018 Accounts Receivable balance 1 July 2018 During the year the following occurred: Credit sales $305,800 including GST Receipts from customers $263,200 Bad Debts written off $1,600 plus $160 GST Discount allowed $2,640 including GST Required: (a) Record the below transactions at 30 June 2019 in the General Journal. (i) Further bad debts to be written off amount to $1,870 including GST. (ii) Allowance for Doubtful Debts is to be adjusted to 5% of Accounts Receivable.

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General Journal Entries at 30 June 2019 i Bad Debts Written Off Allowance for Doubtful Debts Dr 1870 Accounts Receivable Cr 1700 GST Input Tax Credit Cr 170 ii Adjustment of Allowance for Doubtful Deb... blur-text-image

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