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Gravett Ltd's balance date was 31 December 2021 and its general ledger account for allowance for doubtful debits is shown below: Allowance for Doubtful
Gravett Ltd's balance date was 31 December 2021 and its general ledger account for allowance for doubtful debits is shown below: Allowance for Doubtful Debts Date Particulars Debit 01-06-21 Accounts Receivable 31-12-21 Closing Balance Date $3,600 01-01-21 Opening Balance $7,350 01-09-21 Accounts Receivable $ 500 $6,100 31-12-21 Bad debt expense $1,850 $9,700 $9,700 Particulars Credit Required: Reproduce the journal entry for (a) the reversal of the write-off of an uncollectible debt including the effect on the GST clearing account, and (b) the adjustment to the allowance for doubtful debts account on the balance date. Use the answer template below or upload your answer in a Word document. A BIT GO # Gravett Ltd's General Journal: Date (a) (b) US X2 x Account Names Debit Credit (To recognise a debt that had previously been deemed uncollectible and written-off) (To adjust the allowance for doubtful debts) I 5 3 marks
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