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
| University | National University of Singapore (NUS) |
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!
- MKTG1001 Foundations of Marketing Assignment 2 Individual Report | The University of Newcastle (UoN)
- S2010C Health and Wellness Graded Assignment AY2025 Term 4 – Republic Polytechnic (RP)
- RBP040L051 Postgraduate Dissertation Assessment brief – University of Roehampton Business School
- ACFI 2070 Business Finance Individual Assignment – The University of Newcastle (UoN)
- PY2107 Experimental Investigation and Analysis of Behaviour Assignment 2 Written – Research Report , James Cook University (JCU)
- ACCT111 Financial Accounting Individual Assignment, Singapore Management University (SMU)
- RM71003 Category Management & Merchandising Assignment 1 – Singapore Management University (SMU)
- Visual Arts Management Assignment 2 Essay Singapore Art Science Museum – Nanyang Academy of Fine Arts (NAFA)
- BM1987 Employment Law In-Course Assessment (ICA 1) Guide , Nanyang Polytechnic (NYP)
- MA3005/MA3705 Control Theory Coursework 2025-26, Nanyang Technological University (NTU)
