Question
What will be the closing balance of Allowance for doubtful debt shown on the balance sheet after write of bad debts as at 31 July
What will be the closing balance of Allowance for doubtful debt shown on the balance sheet after write of bad debts as at 31 July 2022? (Hint : use the information in the previous 2 questions
Peter Co uses a periodic inventory system and purchases (use 4 decimal points for unit cost) for the month of August were:
| Date | Units | Unit cost $ | |
| Beginning Inventory | 1-Aug | 2800 | 2.3014 |
| Purchase | 10-Aug | 7400 | 3.2818 |
| Purchase | 21-Aug | 2800 | 4.4999 |
| Purchase | 29-Aug | 8100 | 5.5179 |
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Horngrens Accounting Volume 1
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
12th Canadian Edition
0136889373, 9780136889373
