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Determine general journal entry to bring allowance account

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Question - All transaction(s) below relate to Godwin Construction Ltd.s' uncollectable accounts for the financial year ended 30 June 2017. The company is registered for GST.

The Accounts Receivable account had a balance at 30 June 2017 of $79,200, and the beginning (1 July 2016) balance in the Allowance for Doubtful Debts account was $5300.

Assume that the estimate of uncollectable accounts is based on an ageing of accounts receivable and that $10,500 of the accounts receivable as at 30 June was estimated to be uncollectable.

Determine the general journal entry to bring the allowance account to the desired balance.

Reference no: EM132158587

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