Bag Ltd has received a total of 5,800 from customers for their updated annual software for the following year. What is the correct journal to enter the prepayment adjustment required at the year end? DEBIT 5,800 CREDIT 5,800 (Select your answer in each dropdown menu) MM are owed 2,850 by Mr Bob but have just discovered that his business may be experiencing financial difficulties. They a now concerned that they may not be able to recover the money, but do not wish to remove his debt from the ledger yet. What type of item is this? Select one: O A. Irrecoverable debt B. Credit note O C. Specific note D. Doubtful debt Music Ltd has a total balance on their receivables account at the year end of 65,200. After reviewing their customer accounts, Music Ltd have decided to write off a debt amounting to 3,400 and create a general receivables provision of 4% of remaining receivables. There is no receivables provision brought forward. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the Por L? (Select your answer in each dropdown menu) Arts Co has a total balance on their receivables account at the year end of 40,600. After reviewing their customer accounts, Arts Co have decided to do the following: write off a debt amounting to 1,500 make a 100% specific provision relating to a debt of 6,400 create a general receivables provision of 3% Arts Co have a receivables provision brought forward of 2,800. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the Por L.? What will be the value of the receivables provision carried forward? What will be the value of net receivables shown on the statement of financial position? Enter the values with no comma or decimal places DOOD Drama plc has a total balance on their receivables account at the year end of 54,000. After reviewing their customer accounts, Drama plc have decided to do the following: make a 50% specific provision relating to a debt of 9,100 create a general receivables provision of 2% Drama plc have a receivables provision brought forward of 2,800. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the Por L? (Enter the values with no sign, comma or decimal places)