The gas account for the year ended 30 June X2 is as follows: th Opening balance for gas accrued at 31st July X1 650 Payments made during the year: 10 August X1 for the three months to 31 July X1 820 12 November X1 for the three months to 31 October X1 860 3 February X2 for the three months to 31 1,060 January X2 18 May x2 for the three months to 30 April 2 970 It is anticipated that the next quarter's payment will be the similar to the last quarter. The opening balance on the gas expense account at 1 July X1 is 650 DEBIT The journal to post the required gas expense accrual at 30 June X2 is: Choose... Gas 647 Choose... Accruals Choose... The value shown on the statement of profit or loss for gas at 30 June X2 is: 3,707 . (Select your answer in each drondown menu Drama plc has a total balance on their receivables account at the year end of 54,000. After reviewing their customer accounts, Drama plc have decided to do the following: make a 50% specific provision relating to a debt of 9,100 create a general receivables provision of 2% Drama plc have a receivables provision brought forward of 2,800. What will be the value of the general receivables provision? 5448 2648 What will be the irrecoverable debt expense on the Por L? (Enter the values with no sign, comma or decimal places) The gas account for the year ended 30 June X2 is as follows: th Opening balance for gas accrued at 31st July X1 650 Payments made during the year: 10 August X1 for the three months to 31 July X1 820 12 November X1 for the three months to 31 October X1 860 3 February X2 for the three months to 31 1,060 January X2 18 May x2 for the three months to 30 April 2 970 It is anticipated that the next quarter's payment will be the similar to the last quarter. The opening balance on the gas expense account at 1 July X1 is 650 DEBIT The journal to post the required gas expense accrual at 30 June X2 is: Choose... Gas 647 Choose... Accruals Choose... The value shown on the statement of profit or loss for gas at 30 June X2 is: 3,707 . (Select your answer in each drondown menu Drama plc has a total balance on their receivables account at the year end of 54,000. After reviewing their customer accounts, Drama plc have decided to do the following: make a 50% specific provision relating to a debt of 9,100 create a general receivables provision of 2% Drama plc have a receivables provision brought forward of 2,800. What will be the value of the general receivables provision? 5448 2648 What will be the irrecoverable debt expense on the Por L? (Enter the values with no sign, comma or decimal places)
