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Post general ledger to relevant accounts

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Reference no: EM132998646

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.

Reference no: EM132998646

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