Round your answers to the nearest pound.      
   
Q1) In the trial balance:  
   
          DR CR  
    Accounts Receivable 12400    
    Allowance for doubtful debts   670  
   
  The business wants to create an allowance for doubtful debts of 8%
   
a) What is the allowance for doubtful debts required this year?
   
b) What is the increase in doubtful debts required?  
   
c) Fill in the partial income statement below:  
       
  Expenses            
               
         
               
   
d) Fill in the partial balance sheet below:  
   
  Current Assets          
               
    Accounts Receivable      
         
             
               
   
   
Q2) In the trial balance:  
   
          DR CR  
    Accounts Receivable 8750    
    Allowance for doubtful debts   350  
   
  The business wants to create an allowance for doubtful debts of 12%
   
a) What is the allowance for doubtful debts required this year?
   
b) What is the increase in doubtful debts required?  
   
c) Fill in the partial income statement below:  
       
             
               
         
               
   
d) Fill in the partial balance sheet below:  
   
  Current Assets          
               
    Accounts Receivable      
         
             
               
   
   
Q3) In the trial balance:  
   
          DR CR  
    Accounts Receivable 45800    
    Allowance for doubtful debts   3400  
   
  The business wants to create an allowance for doubtful debts of 15%
   
a) What is the allowance for doubtful debts required this year?
   
b) What is the increase in doubtful debts required?  
   
c) Fill in the partial income statement below:  
       
             
               
         
               
   
d) Fill in the partial balance sheet below:  
   
  Current Assets          
               
    Accounts Receivable