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can you also compute? and shows how can we get $9,800. please solve b. question properly according to the table. how we got $900 in
can you also compute? and shows how can we get $9,800.
please solve b. question properly according to the table.
how we got $900 in d. question as an answer?
Question 1 (25 marks) Savory Sweet Ltd. had a September 30 year-end. Savory Sweet Ltd.'s June 30, 2018 balance sheet recorded the following: Throughout Savory Sweet Ltd.'s last quarter of 2018, Savory Sweet Ltd. finalized the following selected transactions: - Sept. 29: Wrote off the following accounts receivables as uncollectible: - Sept. 30: Recorded bad debts expense based on the aging of accounts receivable, as follows: Required: a. Record the above transactions in the general journal. b. Open the Allowance for Doubtful Accounts general ledger, and post those journal entries affecting that account. Maintain a running balance in the general ledger account. c. At September 30, 2017, if Savory Sweet Ltd.'s Accounts Receivable balance was $440,000 and the Allowance for Doubtful Accounts balance was $30,000, demonstrate how Savory Sweet Ltd. would report its Accounts Receivable in a comparative balance sheet for 2018 and 2017. d. On September 30,2018 , if the bad debts expense was based on an estimate of 3% of the accounts receivable balance, instead of the aging offaccounts receivable, record in the general journal the September 30,2018 journal entry for bad debts expense
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