As at 30 June 2007, Net Accounts Receivables was $57,000, and the Allowance for Doubtful Debts was $3,000. On 30 June 2008, the respective balances were $64,000 and $4,000. Assuming there were no other temporary differences, what s the journal entry to adjust for the changes in these balances as at 30 June 2008? The corporate tax rate is 30 per cent.
E) None of the given answers

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The Answer of As at 30 June 2007, Net Accounts Receivables was $57,000, and the Allowance for Doubtful Debts was $3,000. On 30 June 2008, the respective balances were $64,000 and $4,000. Assuming there were no other temporary differences, what s the journal entry to adjust for the changes in these balances as at 30 June 2008? The corporate tax rate is 30 per cent.
E) None of the given answers

As at 30 June 2007, Net Accounts Receivables Was $57,000