Problem Illustration 1: From the following balances extracted from the books of a trader, prepare Trial Balance as on 31st March, 2006. Advertisement 2400
Particular
Amount (RS)
Cash in hand
Rs 4200
Cash at Bank
16800
Bills Receivable
18000
Bills payable
16000
Fundry debtors
24600
undry creditors
32400
Capital
50000
Drawings
18000
ales
105000
urchases
75000
First Paper: Banking, Accounting and Computer/IT...351​

The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.