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GST = 10% I need this done in 10 mins even if its not finished Garcia Pty Ltd (direct write-off method) Garcia Pty Ltd uses
GST = 10%
I need this done in 10 mins even if its not finished
Garcia Pty Ltd (direct write-off method) Garcia Pty Ltd uses the direct write-off method of accounting for bad debts. During September 2021, $4,125 (including GST) of D. Foxon's account was written off as uncollectable, as his business was facing financial difficulties. By November 1, $2,750 (including GST) was received from D. Foxon account that was written off earlier as uncollectable. Prepare journal entries to record the above transaction. Write-off Entry Account Debit ($) Credit ($) Recovery of uncollectable amount Account Debit ($) Credit ($)Step by Step Solution
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