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hi. i need answer for qustion a,b,c tq At 31 December 2019, the trial balance of Samiha Company contained the following amounts before adjustment Debit
hi. i need answer for qustion a,b,c tq
At 31 December 2019, the trial balance of Samiha Company contained the following amounts before adjustment Debit Credit Accounts Receivable RM180,000 Allowance for Doubtful Accounts RM1,500 Sales Revenue RM875,000 Required: a) Prepare the adjusting entry at 31 Dec 2019, to record bad debt/uncollectible debt, assuming that the aging schedule indicates that RM10,200 of accounts receivable will be uncollectible. b) During the next month, January 2020, a RM2,100 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. c) Repeat part (b), assuming that Samiha Company uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable Step by Step Solution
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