| University | National University of Singapore (NUS) |
| Subject | Accounting Home Work |
In the month of December, Fruits Pte Ltd made credit sales of $15,000 and a cash sale of $5,000: Accounting Home Work, NUS, Singapore
Question 3
On 1 Dec 2023, Fruits Pte Ltd’s trial balance includes the following items:
(i) In the month of December, Fruits Pte Ltd made credit sales of $15,000 and a cash sale of $5,000.
An aging analysis of the rest of the accounts receivables indicated that an estimated 3% of these accounts would not be collectible.
The company uses the allowance method to value its accounts receivables
(a) Journalise the transactions above including the necessary adjusting journal entries for the company to recognize bad debts. Narration is not required. However, it is important to present all the workings. Round your answers to the nearest $.
(b) Determine the net realizable value of the accounts receivable as of 31 Dec.
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
Seeking assistance with Accounting homework? Discover unparalleled support with our services! Avail yourself of cost-effective solutions through our Cheap Homework Help in Singapore and reliable assignment help online. Singaporean students, enhance your academic journey by paying our experts for tailored assistance. Optimize your success in Accounting—choose our dedicated service to amplify your learning experience with affordability and expertise!
Tags:-
- A2329C Dosage Form Design AY2024 Term 4 – Graded Assignment (Individual Report), Singapore
- ANL312 Text Mining and Applied Project Formulation, End-of-Course Assessment, SUSS, Singapore
- CMM315 Peacebuilding and Security, End-of-Course Assessment, SUSS, Singapore
- HFS351 ECA (End-of-Course Assessment) SUSS : July Semester 2024 – Safety Management and Audit
- HFSY217 ECA (End-of-Course Assessment) SUSS : July Semester 2024 – Emergency Preparedness and Response Planning, Singapore
- NSG3EPN Assignment Two instructions rubric – Contemporary nursing practice :Engagement in Professional Nursing, LTU Singapore
- HFS201 GBA (Group-based Assignment) SUSS: July 2024 – Workplace Evaluation and Design
- Business Accounting & Finance – (VM) – A3 Assignment, UOM, Singapore
- HRM3010S: Managing People At Work, Assignment, UCD, Singapore
- HFS351: Safety Management and Audit, End-of-Course Assessment, SUSS, Singapore
UP TO 15 % DISCOUNT