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Show the journal entry needed to record the debts

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Reference no: EM132571527

Syarikat Three Tops, selling toys on credit to various departmental stores in the country, started its business on 1 January 2000. On 6 March 2000, two of its debtors were found to be unable to pay up the amounts owing by them to the business. Syarikat Three Tops decided to write off these accounts as bad debts.

The details of these accounts are as follows:

Debtors                 Amount to be written off as bad debts

Tony Chong              RM2,000

Armit Singh                  RM3,000

Required:

Question 1: Show the journal entry needed to record theses debts as bad on 6 March 2000. Show the relevant journal entries to be made on 31 December 2000, the end of the business accounting period

Reference no: EM132571527

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