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bad debts QUESTION LICLO I Jimmy Kwek sells goods to his customers on credit. The following information had been extracted from his books for the

bad debts

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QUESTION LICLO I Jimmy Kwek sells goods to his customers on credit. The following information had been extracted from his books for the last three years. The financial year ends JI December 2018 2019 2020 RM RM Accounts receivables as at 31 December 140,000 148,000 132.000 (before deducting bad debts) Bad debts to be written off as at 31 900 80O December Provision for doubtful debts: Based on net account receivable On | January 202 1, the balance of the provision for doubtful debts account was RM 2,000 Required to PREPARE: Bad debts account for each of the three years (7 marks)

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