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Calculate allowance for doubtful debts

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Reference no: EM133170127

Question - On 31 December 2020, the total account receivable for Beauty Enterprise is RM30,000, 5% of these debts are estimated to go bad in the foreseeable future.

Required -

1. Calculate Allowance for Doubtful Debts.

2. Prepare journal entries.

3. Extract Financial position as at 31.12.2020.

Reference no: EM133170127

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