Exercises on account of debtors

The first exercise: You had the following information during 2012:

1- The debit balance of 350,000. The balance of provision for doubtful debts is 4000 d.

2- The total sales was 100000D. 30% futures.

3- The future sales returns were 2000 d.

4- Cash receipts from debtors during the year 24700.

Upon examining the debtors at the end of the hundredth, it is decided the following:

A- Cancellation of a debt due to the current year in the amount of 1300 D.

B- Cancellation of a debt dating back to the previous year, in the amount of 3000 dinars.

C- A debt that was previously written off in previous years, amounting to 1,000 dinars, was collected.

M / Daily registration of iodine, settlement iodine procedure, provision for doubtful debts

At 5% of the debtors balance at the end of the period, with a partial balance sheet photographed.