Question
Carlene Johnson is the Accountant in the Finance Department at Fairway Trading Limited who manages the company Accounts Receivables. She was given the following information
Carlene Johnson is the Accountant in the Finance Department at Fairway Trading Limited who manages the company Accounts Receivables. She was given the following information by the Finance Manager which was extracted from the debtor's ledger as at December 31, 2022. The Accountant decided that she would age the debt outstanding in the following category and the percentage to be provided for bad debt in the amount stated beside each category accordingly. equirements: a. With the aid of a spread sheet use the above information to create a debtor's aging schedule with the additional columns if necessary. (35 marks) b. Draft a sample of an appropriate letter which the accountant could sent to Karen White to make payment on his accounts (10 marks) c. Show the entries for the total amount of provisions for bad debt to be created. (5 marks)
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