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urgent pls 20 - Final company started the legal procedures on the protested 30.000 TL notes receivable (6,000 TL portion secured) and recorded allowance (upper
urgent pls
20 - Final company started the legal procedures on the protested 30.000 TL notes receivable (6,000 TL portion secured) and recorded allowance (upper legal limit) on June 26 2020. A decision was made in the court of law on May 22.2021 and the company was able to make collection on the whole recevable on May 22, 2021 a 644 Provisions No Longer Required account will be credited by 24.000 TL b) 28 Doubtful Trade Receivables account will be debited by 30.000 TL 644 Provisions No Longer Required account will be credited by 30.000 TL dW67income and Gains of Previous Years account will be credited by 24.000 TL Bos brakStep by Step Solution
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