question archive Short Case 2 Analyse the following transactions of a company and write journal entries
Short Case 2 Analyse the following transactions of a company and write journal entries
Subject:BusinessPrice: Bought3
Short Case 2 Analyse the following transactions of a company and write journal entries. Assume that the company is using allowance method for writing off their bad debts. (3 Marks) January 15: Sold goods to Mr. Jameel on credit OMR 6,000. April 14: Received OMR 3,500 from Jameel and wrote off OMR 2,500 balance as uncollectible. September 12: Reinstated the account of Jameel and received OMR 2,500 cash in full payment.
