2. Aziz & Sons has accounts receivables of Rs. 575,000. The credit manager reviews accounts receivables & estimate that 35,000 of the accounts receivables prove to be un- collectible. Company realizes that company's receivables from Mustaq & Bros amounted Rs. 22,000 therefore management decided to write off their balance. The provision for the next month is Rs. 42,000. Required: Prepare at the journal entries to record: a. the provision for doubtful accounts b. the write off doubtful account of Mustaq & Bros c. for the provision for the next month

2. Aziz & Sons has accounts receivables of Rs. 575,000. The credit manager reviews accounts receivables & estimate that 35,000 of the accounts receivables prove to be un- collectible. Company realizes that company's receivables from Mustaq & Bros amounted Rs. 22,000 therefore management decided to write off their balance. The provision for the next month is Rs. 42,000. Required: Prepare at the journal entries to record: a. the provision for doubtful accounts b. the write off doubtful account of Mustaq & Bros c. for the provision for the next month

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 3CP: At the end of 20-3, Martel Co. had 410,000 in Accounts Receivable and a credit balance of 300 in...

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2. Aziz & Sons has accounts receivables of Rs. 575,000. The credit manager reviews accounts receivables & estimate that 35,000 of the accounts receivables prove to be un- collectible. Company realizes that company's receivables from Mustaq & Bros amounted Rs. 22,000 therefore management decided to write off their balance. The provision for the next month is Rs. 42,000. Required: Prepare at the journal entries to record: a. the provision for doubtful accounts b. the write off doubtful account of Mustaq & Bros c. for the provision for the next month
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