1 4 5 Part B Question 2 (20 marks) 6 7 All transactions below relate to Paul and Bear Ltd's uncollectable accounts for the financial year ended 30 June 2019. Note: GST Inclusive. Finish attempt... Time left 0:39:51 The Accounts Receivable account had a balance at 30 June 2019 of $208 120, and the beginning (1 July 2018) balance in the Allowance for Doubtful Debts account was $9300. Required: Prepare journal entries for each of the transactions. Av B 1 82 Date Account Debit Credit Feb 16 Wrote off as bad the accounts of Denis Co. Ltd, $2783, and H. Howard, $3872. Mar 20 Received 25% of the $1742.40 owed by JB Plumbers and wrote off the remainder as a bad debt. Received $1173.70 from G. Digby in full payment of his account, which had Apr 16 been written off earlier as uncollectable. Date Account Debit Credit Estimated bad debts expense for the year to be 1.5% of net credit sales of Jun 30 $694 100 Question 2 (20 marks) 6 7 All transactions below relate to Paul and Bear Ltd's uncollectable accounts for the financial year ended 30 June 2019. Note: GST Inclusive. Finish attempt... Time left 0:38:52 The Accounts Receivable account had a balance at 30 June 2019 of $208 120, and the beginning (1 July 2018) balance in the Allowance for Doubtful Debts account was $9300. Required: Prepare journal entries for each of the transactions. A B Date Account Debit Credit Jul 18 Wrote off the $629.20 account of F. Forrest as uncollectable. Oct 19 Re-established the account of K. Mears and recorded the collection of $1815 in full payment of his account, which had been written off previously. Jan 31 Received 40% of the $968 balance owed by B. Blanck and wrote off the remainder as uncollectable. Date Account Debit Credit