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The following details were obtained from the accounting records of Civil Construction Consultants at the end of the financial year. Consulting fee owing Allowance for

The following details were obtained from the accounting records of Civil Construction Consultants at the end of the financial year. Consulting fee owing Allowance for doubtful debts Debts to be written off $517 000 30 000 10 010 (includes GST) (Includes GST) The firm requires an allowance for doubtful debts of 10% of outstanding fees at 30 June. Required

(a) Prepare the appropriate general journal entries. (5 marks)

(b) Prepare and balance the Allowance for Doubtful Debts account at 30 June 2019. (5 marks)

(c) Show the amount(s) to be charged as bad debts expense for the year. (1 mark)

(d) Can the Allowance for Doubtful Debts account have a debit balance before the end-of-period adjustment is made. Discuss. (3 marks)

PLEASE ANSWER QUESTION C AND D

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