Mllustration. JOT
-תודה
odborntonan to ao old protina
Membo Ajab Hd is developing a new production pro cess - Duning 2019, expenditure
incurred a Ksh 10,000,000 of which Ksh 1,000,000 was incurred before 1
December 2019 and 31 December 2019. Mambo Ajab Itd can demonstrate
u that at 1 December (2010, the
production
process
met the entena for
Do recognition as an intangible asset. The reco yarable amount of the know-how
z embodied in the process is estimated to be Ksh 5,000,000 bao
tan oldipoti
ano rolaph
How should the expenditure be treated ?
Required:

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)