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Journalise signature bad debts expense using the percentage

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Reference no: EM132990148

During its first of operation signature lamp company revenue of $350000 on an account industary experinces suggest that bad debt will amount to 2% of revenues as at 31 december 2016 account receivable total $40000 the company uses the allowance merhod to account doubtful debts

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Problem 1) Journalise signature bad debts expense using the percentage sales method

Problem 2) Show how to reports account reciable on the blamce sheet as at 31 dec 2016 use the three line reporting format

Reference no: EM132990148

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