The following additional information is provided for the month ending 31st of August 2021 E...
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Accounting
The following additional information is provided for the month ending 31st of August 2021 E Bike City posts adjustment entries on a monthly basis.
E Bike City sells their products with a 1-year labour and parts warranty. E Bike City has a provision for warranty account. Erica, the owner of E Bike City would like to increase the business provision for warranty accounts balance as at 31st August by $1,500.00.
Erica, the owner of E Bike City would like to increase allowance for doubtful debts by $160.00 as at 31st August
Required:
Based on the information given above, you are required to record the appropriate adjustment entries using the accurate double entry system of accounting
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