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Question 1 Syarikat Three Tops, selling toys on credit to various departmental stores in the country, started its business on 1 January 2020. On 6
Question 1 Syarikat Three Tops, selling toys on credit to various departmental stores in the country, started its business on 1 January 2020. On 6 March 2020, two of its debtors were found to be unable to pay up the amounts owing by them to the business. Syarikat Three Tops decided to write off these accounts as bad debts. The details of these accounts are as follows: Debtors Tony Chong Armit Singh Amount to be written off as bad debts RM2,000 RM3,000 Required: Show the journal entry needed to record theses debts as bad on 6 March 2000. Show the relevant journal entries to be made on 31 December 2020, the end of the business accounting period
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