HTU * - A. Aalice Aabel AaBb 1 Normal Body Tort Header Tot Paragraph Exercise 5 Barakat Company began business in 2017. Prepare journal entries for the following events that happened in its first two years of business and how Accounts Receivable will appear on the Balance Sheet in both years: (show your calculations 2017 () (6) Sold merchandise on credit for AED 510,640 Received cash of AED 320,000 in payment of oututanding accounts receivable. Wrote off uncollectible accounts receivable in the amount of AED 4,500 In determining the allowance for doubtful accounts on Dec 31, the company decided that 5% of the outstanding accounts receivable would become collectible (c) (d) 2015 (4) b) Sold merchandise on credit for AED 475,000 Received cash of AED 310,900 in payment of outstanding accounts receivable Wrote off uncollectible accounts receivable in the amount of AED 7,500 Collected AED 2,700 cash frotts a customer that had previously been written of us incollectible In determining the allowance for doubtful accounts on Dec 31, the company decided that 25 of credit sales for 2018 would become uncollectible (d) Type hele to search