Accounts receivable debit month needs to be reclassified to accounts receivable debit
After the reclassification, accounts receivable balance=original debit balance 3 million + accounts receivable debit balance reclassified 500,000=3.5 million
Allowance for bad debts should be made. 3.5 million multiplied by the bad debt ratio of 0.3 percent=10,500 yuan
The original book has already provided 6,000 yuan. 10,500 yuan
The original book has been provided for 6,000 yuan should be provided for additional entries
Borrow: Asset Impairment Losses 4,500 yuan
Credit: Accounts Receivable-Bad Debt Provision 4,500 yuan
2: First-in, first-out (FIFO) method Meaning that the unit price of 2,000 out of 4,000 pieces of merchandise sent out during the current period should be applied to the beginning of the period, 55 yuan of the remaining 2,000 pieces. The unit price of the remaining 2,000 pieces should be carried forward to $60 as of March 2 Total cost to be carried forward = 2000*55+2000*60=230,000 yuan
The cost carried forward is $10,000 less.
Debit: Operating Costs $10,000
Credit: Inventory $10,000