Phil has also been keeping track of the businesses debtors. Phil with the help of his friend Yustil Oweme has analysed each of the debtors and been able to construct the following table. (Balances include any GST to be collected)

		Amount		doubtful %
Accounts not yet due		$6 050		0.4
Accounts overdue:
1-30 days		9 680		3.0
31-60 days		6 930		10.0
61-150 days		5 170		30.0
151 days and over		3 179		70.0
		$31 009

Phil has informed you that the current balance of the Allowance for Doubtful Debts Account is a $650 Cr.

REQUIRED

Show the general journal entry required to adjust the allowance for doubtful debts accounts based on the information provided by Phil and Yustil.

Date	Details	Debit	Credit
30 June

(4 marks)

Calculations.

		Amount		doubtful %
Accounts not yet due		$6 100		0.5
Accounts overdue:
1-30 days		9 680		3.0
31-60 days		6 930		10.0
61-150 days		5 170		30.0
151 days and over		3 179		80.0
		$37 059