Aleesha has printed her trial balance in readiness for you to prepare her year end accounts as at 30/11/X0.

However, she has also made some notes about items which she thinks may need adjusting prior to finalising the financial statements.

Note 3: Jenni Lockwood is an old customer but has not paid the 500 she owes. She is having financial difficulties and the money is most likely not going to come in now. Can we get rid of the debt?

What adjustment journal needs to be entered in the general ledger in relation to Jenni Lockwood's debt?

DEBIT Answer 1Choose...PrepaymentsBad debt expensePetty cashDiscounts allowedAccrualsBankReceivablesPayables CREDIT Answer 1Choose...PrepaymentsBad debt expensePetty cashDiscounts allowedAccrualsBankReceivablesPayables