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One of XYZcom's account customers, JZ House and Garden, has gone broke, owing XYZcom $5,700. How will a worksheet show the appropriate journal or ledger
One of XYZcom's account customers, JZ House and Garden, has gone broke, owing XYZcom $5,700. How will a worksheet show the appropriate journal or ledger entries to write off the debt. Use the docket number JZ345, move the debt into bad debts in April and finalise the transactions on the 31stJuly. Before the write off, profit is 275,300.00. At the time of write off, theirs is the only receivable and afterwards the only bad debt.
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