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Activity 6: Managing Cash and Receivables (20 minutes) At 30 September 2015 , the accounts of Julie's Jams Ltd were as follows: AccountsReceivableAllowanceforbaddebt$143000DR$3200CR Record the
Activity 6: Managing Cash and Receivables (20 minutes) At 30 September 2015 , the accounts of Julie's Jams Ltd were as follows: AccountsReceivableAllowanceforbaddebt$143000DR$3200CR Record the required journal entries that occurred from October to December 2015. a) Nov 20 - received $1500 from Kate for a credit purchase 20 days ago. This receivable was not written off b) Dec 25 - Evidence arose that $3,600 would not be receivable. This included $1,500 from Luke, $1,100 from d) Dec 31 - Recorded bad debt expense based on ageing of accounts receivable as follows (Note - you will need to calculate the bad debts expense, a T-account may help you!)
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