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b) If Allowance for Doubtful Accounts has a credit balance of AED 1600 in the trial balance, journalize the adjusting entry at 31st December, 2018,
b) If Allowance for Doubtful Accounts has a credit balance of AED 1600 in the trial balance, journalize the adjusting entry at 31st December, 2018, assuming doubtful debts are expected to be: 0 1% of net sales, and (0) 10% of accounts receivable. (7 marks x 2 = 14 marks). Journalize the above adjusting entries to record the estimate of uncollectible accounts showing.clearly your calculations. Date Details Debit AED Credit AED b. (ii) b) If Allowance for Doubtful Accounts has a credit balance of AED 1600 in the trial balance, journalize the adjusting entry at 31st December, 2018, assuming doubtful debts are expected to be: 0 1% of net sales, and (0) 10% of accounts receivable. (7 marks x 2 = 14 marks). Journalize the above adjusting entries to record the estimate of uncollectible accounts showing.clearly your calculations. Date Details Debit AED Credit AED b. (ii)
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