Xuna Enterprise provided you with the following information as at 1 January 2021: (RM) RM 38,552 Account receivable Allo

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Xuna Enterprise Provided You With The Following Information As At 1 January 2021 Rm Rm 38 552 Account Receivable Allo 1 (70.34 KiB) Viewed 46 times

Xuna Enterprise provided you with the following information as at 1 January 2021: (RM) RM 38,552 Account receivable Allowance for doubtful debts RM4,115 Allowance for discounts allowable RM 2,345 During the year ended 31 December 2021, the following transactions were still not recorded in the book: i. Bad debts to be written off amounting RM2,650 ii. Total sales for the year amounting RM55,500 Cash sales for the year RM 20,000 iii. iv. V. Allowance for doubtful debts at 3% of net account receivable Allowance for discounts allowable at 2% of net account receivable All calculations must be rounded up by to the nearest RM vi. You are required to prepare: a. Trade receivable account b. Allowance for doubtful debts account (5 marks) (5 marks) (5 marks) C. Allowance for discounts allowable account d. Extract of the Statement of Financial Position as at 31 December 2021 (5 marks)