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

question 24

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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.

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