Normaslına Taib sells goods on credit and bas prepared the following information for the last 3 years. Her financial year ends on 31 May Year Year 8 RM140,000 RM148.000 RM132,000 RMS00 Year 9 Customer balances at 31 May Bad debts to be wnitten off at 31 May RM900 RM600 Provision for Doubtful Debts To be adjusted to % of net customer balance 20% On 1 June Year 6 the balance on the Provision for Doubtful Debts Account was RM2.150, Required Prepare for each of the 3 years, the following Ledger Accounts a) Bad Debts:

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
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Chapter18: Acquiring Capital For Growth And Development
Section18.1: Short-term Debt Financing
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Exercise chapter 8 Bad debts and pr
Exercises
Normaslına Taib sells goods on credit and has prepared the folloving information for
the last 3 years. Her financial year ends on 31 May
Year 7
Year 8 Year 9
RM140,000 RM148 000 RM132,000
RM600
Customer balances at 31 May
Bad debts to be wnitten off at 31 May
RM900
RMS00
Provision for Doubtful Debts
To be adjusted to % of net customer
balance
25%
20%
On 1 June Year 6 the balance on the Provision for Doubiful Debts Account was
RM2.150.
Required:
Prepare for each of the 3 years, the following Ledger Accounts
a).
Bad Debts;
141
& Accessibility: Investigate
ac
!画
Transcribed Image Text:Paragraph Exercise chapter 8 Bad debts and pr Exercises Normaslına Taib sells goods on credit and has prepared the folloving information for the last 3 years. Her financial year ends on 31 May Year 7 Year 8 Year 9 RM140,000 RM148 000 RM132,000 RM600 Customer balances at 31 May Bad debts to be wnitten off at 31 May RM900 RMS00 Provision for Doubtful Debts To be adjusted to % of net customer balance 25% 20% On 1 June Year 6 the balance on the Provision for Doubiful Debts Account was RM2.150. Required: Prepare for each of the 3 years, the following Ledger Accounts a). Bad Debts; 141 & Accessibility: Investigate ac !画
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