Chapter : Receivables Accounting System 下2. The following is a summary of account receivable and related accounts for threeyears for Tommy Enterprise the financial year ends 30 April each year.Account receivableas at 30 April (beforewriting off baddebts)RMProvision forYear ended 30AprilBad debtswritten offdoubtful debtRM70,00061,00083,0002017Nil1,0003,0002%2%2%20182019For the year ending 30 April 2017, 2018, 2019, show the:a) Provision for doubtful debts accountb) Statement of Profit or Loss (extract)c) Statement of Financial Position (extract)FiltersAdd a caption.

Tommy Enterprise's 2017 : Accounts receivables = RM70000 Bad debts = Nil Provision on doubtful debts…

2. The tollowing is a summary of account receivable and related accounts for three years for Tommy Enterprise the financial year ends 30 April each year. Year ended 30 Account receivable as at 30 April (before writing off bad debts) RM 70,000 61,000 83,000 Bad debts written off Provision for doubtful debt April RM 2017 2018 2019 Nil 1,000 3,000 2% 2% 2% For the year ending 30 April 2017, 2018, 2019, show the: a) Provision for doubtful debts account b) Statement of Profit or Loss (extract) c) Statement of Financial Position (extract)

2. The tollowing is a summary of account receivable and related accounts for three years for Tommy Enterprise the financial year ends 30 April each year. Year ended 30 Account receivable as at 30 April (before writing off bad debts) RM 70,000 61,000 83,000 Bad debts written off Provision for doubtful debt April RM 2017 2018 2019 Nil 1,000 3,000 2% 2% 2% For the year ending 30 April 2017, 2018, 2019, show the: a) Provision for doubtful debts account b) Statement of Profit or Loss (extract) c) Statement of Financial Position (extract)

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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JOURNAL ENTRIES (ACCRUED INTEREST RECEIVABLE) At the end of the year, the following interest is earned, but not yet received. Record the adjusting entry in a general journal. Interest on 6,000, 60-day, 5.5% note (for 24 days) 22.00 Interest on 9,000, 90-day, 6% note (for 12 days) 18.00 40.00
JOURNAL ENTRIES (ACCRUED INTEREST PAYABLE) At the end of the year, the following interest is payable, but not yet paid. Record the adjusting entry in the general journal. Interest on 8,000, 90-day, 8% note (for 18 days) 32.00 Interest on 4,500, 60-day, 7% note (for 7 days) 6.13 38.13
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