Accounts:

Prepare the journal entries to adjust the allowance for doubtful debts at 30 June 2019 under: (Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) Allowance for doubtful debts (Net credit sales method) 2019 30/6 Balance b/d 2019 Allowance for doubtful debts (Ageing of accounts receivable method) 2019 2019 Assume that the allowance account had a debit balance of $880 at 30 June 2018 . Show the journal entries to record the allowance for doubtful debts at 30 June 2019 under: (Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Determine the balance in the allowance for doubtful debts account under both methods. (Post entries in the order displayed in the problem statement. Leave blank any fields following your answers that do not require an entry. For example, if there are two rows for entries, and only one entry is required, enter your answer in the first row and leave the second row blank.) Great Outdoors Ltd sells outdoor furniture settings on credit. The accounting records at 30 June 2019 reveal the following. Ignore GST. In the past, the company's yearly bad debts expense had been estimated at 2% of net credit sales revenue. It was decided to compare the current method with an ageing of the accounts receivable method. The following analysis was obtained with respect to the accounts receivable: Using the journal entries from requirement C, determine the balance in the allowance account under both methods. (Post entries in the order displayed in the problem statement. Leave blank any fields following your answers that do not require