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At 1 June 2010, Sachins receivables allowance was $1,573. At 31 May 2011 the balance on his receivables account was $97,541. This includes an irrecoverable
At 1 June 2010, Sachins receivables allowance was $1,573. At 31 May 2011 the balance on his receivables account was $97,541. This includes an irrecoverable debt balance of $3100 and he estimates that his receivables allowance should be adjusted to $2,155. What journal entries should be recorded to account for allowance for receivables for the year ended 31 May 2011
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Building Accounting Systems Using Access 2010
Authors: James Perry, Richard Newmark
8th Edition
1111530998, 978-1111530990
