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Music Ltd has a total balance on their receivables account at the year end of 64,200. After reviewing their customer accounts, Music Ltd have decided

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Music Ltd has a total balance on their receivables account at the year end of 64,200. After reviewing their customer accounts, Music Ltd have decided to write off a debt amounting to 3,100 and create a general receivables provision of 4% of remaining receivables. There is no receivables provision brought forward. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the Por L? (Select your answer in each dropdown menu) Arts Co has a total balance on their receivables account at the year end of 40,500. After reviewing their customer accounts, Arts Co have decided to do the following: write off a debt amounting to 1,400 make a 100% specific provision relating to a debt of 6,300 create a general receivables provision of 3% Arts Co have a receivables provision brought forward of 2,700. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the Por L? E E What will be the value of the receivables provision carried forward? E What will be the value of net receivables shown on the statement of financial position? (Enter the values with no sign, comma or decimal places) Drama plc has a total balance on their receivables account at the year end of 54,000. After reviewing their customer accounts, Drama plc have decided to do the following: make a 50% specific provision relating to a debt of 9,100 create a general receivables provision of 2% Drama plc have a receivables provision brought forward of 2,800. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the Por L? (Enter the values with no sign, commia or decimal places)

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