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Question - Nupina Gifts has the following balances as at 30 June 2017:
Accounts receivable $343,630.
Balance of allowance for doubtful debts is $4,200.
Bad debts to be written off are $3,630 including GST.
Allowance for doubtful debts to be adjusted to 3% of accounts receivable.
Required -
(a) General journal entries to record the bad debts and allowance adjustment.
(b) Post general ledger to relevant accounts.
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