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Q3. Journalise the following transactions in the books of Glenmore International- Note- Allowance for doubtful accounts has a debit balance of $1400 and balance in
Q3. Journalise the following transactions in the books of Glenmore International-
Note- Allowance for doubtful accounts has a debit balance of $1400 and balance in accounts receivables is $180,000
a The company estimated bad debts to be 2% of Accounts receivables.
b The account of Jack Nelson has declared uncollectible with $4000
c A customer Frank Leon, whose account was declared uncollectible has paid in full $8500 that he owed to the company.
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