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This is complete question The table in the first image is related to the questions in second image At 31 December 2019 the unadjusted balance
This is complete question
The table in the first image is related to the questions in second image
At 31 December 2019 the unadjusted balance in allowance for doubtful debts is a credit of $10000. Required (a) Journalise and post the adjusting entry for bad debts at 31 December 2019. (b) Journalise and post to the allowance account these 2020 events and transactions. (Use running-balance format.) 1. 1 March, a $600 customer balance originating in 2020 is judged uncollectable. 2. 1 May, a cheque for $600 is received from the customer whose account was written off as uncollectable on 1 March (c) Journalise the adjusting entry for bad debts at 31 December 2020, assuming that the unad justed balance in allowance for doubtful debts is a debit of $1100 and the ageing schedule of accounts receivable indicates that total estimated bad debts will be $29 100Step by Step Solution
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