© T O(@) Say Lee commenced business on 1 January 2010. At year ended 31 December 2010,the accounts receivables balance was RM10,000. To the date, Say Lee found that anadditional irrecoverable debt amounting to RM560 were to be written off. In addition,she found that it was necessary to create an allowance for doubtful debt of RM960.During the year ended 31 December 2011, amount totaling RM840 proved to be badand written off. The balance of account receivable as at 31 December 2011 wasRM27,600 (after bad debt written off) it was decided to provide for doubtful debt upto 5% of account receivables.In 2012, RM3,600 debt were written off during the year. As at 31 December 2012 thebalance of account receivables was RM24,000 (before bad debt written off). Theallowance for doubtful debt was to be maintained at 5% of account receivables.[Say Lee memulakan perniagaan pada 1 Jamuari 2010. Pada tahun berakhir 31 Disember 2010, bakiakaun penghuiang adalah RMI0,000. Pada tarikh yang sama, Say Lee mendapati ada hutang laputtambahan berjumlah RM560 adalah untuk dihapuskan. Di samping itu, dia mendapati bahawa iaadalah perlu untuk membuat peruntukan bagi hutang ragu sebanyak RM960.Dalam tahun berakhir 31 Disember 2011, jumlah RM840 terbukti menjadi lapuk dan dihapuskan. Bakiakaun penghutang pada 31 Disember 201 adalah RM27,600 (selepas hutang lapuk yang dihapuskan)dia telah memutuskan untuk menyediakan peruntukan bagi hutang ragu sehingga 5% daripada akaanpenghutang.Pada tahun 2012, hutang RM3,600 telah dihapuskira sepanjang tahun. Pada 31 Disember 2012, bakiakaun penghutang adalah RM24,000 (sebelum hutang lapuk yang dihapuskan). Peruntukan kutangragu kekal pada 5% daripada akaun penghutangYou are required to answer the following questions:[Anda dikehendak menjawab soalan-soalan berikut:)(i) Prepare journal for adjusting entries for bad debt for the year 2010, 2011 and2012.(Sediakan jurnal bagi peryelarasan entri bagi hutang lapuk untuk tahun 2010, 2011 dan 2012)(i) Prepare journal for adjusting entries for doubtful debt for the year 2010, 2011 and2012.(Sediakan jurnal bagi penyelarasan entri bagi peruntukkan hutang ragu untuk tahun 2010, 2011dan 2012.jDicetak oleh Uai Peparikran d Pengjanaken, Bakagian Penguraan Ahademit, Jubatan Pendaglu(ii) Prepare extract of Statement of Comprehensive Income and Statement ofFinancial Position as at 31 Deoember 2012.[Sediakan Penyata Pendapatan i con p re ve 24j a.st Penyata Kedudhukan Kewangan ektrak pada31 Divember 2012.JAdd a caption.

BAD DEBTS: Bad debt is a painful expense that a firm or business suffers once the refund…

(a) Say Lee commenced business on 1 January 2010. At year ended 31 December 2010, the accounts receivables balance was RM10,000. To the date, Say Lee found that an additional irrecoverable debt amounting to RM560 were to be written off. In addition, she found that it was necessary to create an allowance for doubtful debt of RM960. During the year ended 31 December 2011, amount totaling RM840 proved to be bad and written off. The balance of account receivable as at 31 December 2011 was RM27,600 (after bad debt written off) it was decided to provide for doubtful debt up to 5% of account receivables. In 2012, RM3,600 debt were written off during the year. As at 31 December 2012 the balance of account receivables was RM24,000 (before bad debt written off). The allowance for doubtful debt was to be maintained at 5% of account receivables. [Say Lee memulakan perniagaan pada 1 Jamuari 2010. Pada takun berakhir 31 Disember 2010, baki akaun pengkudang adalah RMI0,000. Pada tarikh yang sama, Say Lee mendapati ada hutang laput iambahan berjumlah RM560 adalah ntak dihapuskan. Di samping in dia mendapati bahawa ie adalah perlu untuk membuat peruntukan bagi hutang ragu sebanyak RM960. Dalam tahun berakhir 31 Disember 2011, jumlah RM840 terbukzi menjadi lapuk dan dihapuskan. Baki akaun penghutang pada 31 Disember 201i adalah RM27,600 (selepas hadang lapuk yang dihapurkan) dia telah memutuskan sentuk menyediakan peruntukan bagi hutang ragu sehingga % daripada aknun penghutang Pada tahun 2012, hutang RM3,600 telak dihapuskira sepanjang takun. Pada 31 Disember 2012, baki akaun penghutang adalah RM24,000 (sebelam husang lapuuk yang dihapuskan). Perantukan kutang ragu kekal pada 5% daripada akaun penghutang ] You are required to answer the following questions: [Anda dikehendak menjawab soalan-soalan berikat:) O Prepare journal for adjusting entries for bad debt for the year 2010, 2011 and 2012. Sediakan jurnal bogi peryelarasan entri bagi hutang lapuk untak tahun 2010, 2011 dan 2012) (i) Prepare journal for adjusting entries for doubtful debt for the year 2010, 2011 and 2012. (Sediakan jurnal bagi penyelarasın entri bagi peruntukkan hadang ragu untuk sahun 2010, 2011 dan 2012j (ii) Prepare extract of Statement of Comprehensive Income and Statement of Financial Position as at 31 Deserber 2012. [Sadiakan Penyata Pendapatan in p a ve 2Á ast Penyata Kedudukan Kewangan ektrak pada 31 Dinember 2012.]