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Ahmed makes credit sales of $8,000 to Ali on May 15/2021 for duration of one month by June 15/2021 Ali request for additional one month
Ahmed makes credit sales of $8,000 to Ali on May 15/2021 for duration of one month by June 15/2021 Ali request for additional one month more and Ahmed agreed with charging Ali 2% interest in order to pay by July 15/2021. On August 15 /2021 Ahmed realized that $200 will be uncollectable receivable. Work Required: Pass the necessary entries and indicate which is to be use for uncollectable receivable
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