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Pots-R-Us deals in ceramic pots and figurines. All sales are conducted on a credit basis and no cash discounts are given. Ignore GST. The following
Pots-R-Us deals in ceramic pots and figurines. All sales are conducted on a credit basis and no cash discounts are given. Ignore GST. The following information was extracted from the accounting records at 30 June 2023: $ 552,000 37,900 319,120 Credit Sales Sales returns and allowances Cash collected Debts to be written off 4,022 Allowance for Doubtful Debts 1 July 2022 2,645 Cr Assume that Pots-R-Us completed an age analysis of its accounts receivable and determined that $10,320 was estimated to be uncollectable. The amount of bad debts expense for the year ended 30 June 2023 assuming the bad debts were written off during the year, would be: Oa. $7 675 b. $10 320 O c. 2645 d. $4022
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