| University | Singapore University of Social Science (SUSS) |
| Subject | Financial and Managerial Accounting |
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.
(i) The company also collected $18,000 from its accounts receivables in December.
(iii) A review of the Accounts Receivables on 1 Dec 2023 reveals the following:
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.
- 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 nearest $
- Determine the net realizable value of the accounts receivable as of 31 Dec.
Stuck with a lot of homework assignments and feeling stressed ? Take professional academic assistance & Get 100% Plagiarism free papers
Experience academic success with our specialized support in TMA, Assignment Help Singapore, and Homework Help Singapore, tailored for students at Singapore University of Social Science (SUSS). Navigate ACC202 Financial and Managerial Accounting effortlessly with our expert assistance. Trust us to guide you to academic excellence, ensuring you surpass expectations in TMAs and assignments. Invest wisely in your education for unparalleled success.
Looking for Plagiarism free Answers for your college/ university Assignments.
- ECE210 Advocacy and Collaborations with Families Assignment: Supporting Young Children Through Grief and Family-Centered Partnerships
- ACC707 Accounting and Finance Assignment: Evaluating Investment Decisions, Budgeting Strategies, and Financial Performance Analysis
- NCO201 Learn to Learn, Learn for Life TMA-01: Developing Self-Directed Learning Through the Journey of Mastering Public Speaking
- PSS219 Public Safety and Security in Singapore Group-Based Assignment: Strengthening National Resilience Through Policy Responses from the 2025 Committee of Supply Debate
- MTH240 Engineering Mathematics I Assignment: Heat Transfer, Chemical Balancing, Circuit Analysis, Signal Processing, and Matrix Theory
- Engaging Youth with IBM Skills Build Assignment: Designing Innovative Strategies for Skill Development and Career Growth
- BUS368 Innovation Management and Digital Transformation Assignment: Managing Innovation in Foldable, Trifold, and Stretchable Display Technologies
- BUS366 Assignment: Process Improvement and Recruitment Optimization Using Lean Six Sigma Methodology
- HBC203 Statistics and Data Analysis for the Social and Behavioural Sciences TMA-01: A Comparative Analysis of Workplace Wellbeing Interventions and Their Impact on Employee Productivity
- BCAF003 Business Accounting Assignment: A Comprehensive Study on Bank Reconciliation, Cash Controls, Inventory Valuation, and Financial Analysis