In: Accounting
Account Receiavble | 270,000 |
Allowance for bad debt | 38,600 |
Current year sales | 920,000 |
Bad Debt | 2% |
Bad debts written off | 26,000 |
Cash Received | 905,000 |
Bad debt (For cy Sales) | 18,400 |
Allownace for Bad Debt Balance amount after adj. of bad debt written off | 12,600 |
Bad Debt provision to be created for cy | 5,800 |
Accounts Receivable | opening balance -Bad debt written off +cy sales-Collection in cy |
259,000 | |
Allowance for bad debt | 18,400 |