Homework answers / question archive / Cotchin Ltd had accounts receivable at 30 June 2016 totaling $76,100 Dr

Cotchin Ltd had accounts receivable at 30 June 2016 totaling $76,100 Dr

Accounting

Share With

Cotchin Ltd had accounts receivable at 30 June 2016 totaling $76,100 Dr. The doubtful debts allowance at the same time was $2,310 Cr (before any bad debts written-off), but it was decided by the accountant to increase the allowance for doubtful debts to 2% of adjusted accounts receivable after writing off $3,100 in uncollectable accounts.