Question 2 ( 20 marks) Ahmed Bhd started operations in 2019. In the first two years, the company had the following transactions : 2019 i. Sales of RM3,150,000 on credit ii. Total account receivable collected RM1,550,000 Uncollectible account receivable to be written off to bad debt account totalled RM32,000 iv. At year end 31/12/2019, the company estimated 2% of its account receivable is estimated to be ending allowance for doubtful debts. 2020 i. Sale of RM3,000,000 on credit ii. Total account receivable collected RM2,500,000 iii. Uncollectible account receivable to be written off to bad debt account totalled RM22,000 At year end 31/12/2020, the company estimated 2% of its account receivable is estimated to be ending allowance for doubtful debts. Required Prepare the relevant ledger accounts for the two years 2019 and 2020. (10 marks) b. Accounts Receivables, Bad Debts and Allowance for impaiment of Accounts Receivable accounts need to be prepared. Why? (10 marks) a. Question 2 ( 20 marks) Ahmed Bhd started operations in 2019. In the first two years, the company had the following transactions : 2019 i. Sales of RM3,150,000 on credit ii. Total account receivable collected RM1,550,000 Uncollectible account receivable to be written off to bad debt account totalled RM32,000 iv. At year end 31/12/2019, the company estimated 2% of its account receivable is estimated to be ending allowance for doubtful debts. 2020 i. Sale of RM3,000,000 on credit ii. Total account receivable collected RM2,500,000 iii. Uncollectible account receivable to be written off to bad debt account totalled RM22,000 At year end 31/12/2020, the company estimated 2% of its account receivable is estimated to be ending allowance for doubtful debts. Required Prepare the relevant ledger accounts for the two years 2019 and 2020. (10 marks) b. Accounts Receivables, Bad Debts and Allowance for impaiment of Accounts Receivable accounts need to be prepared. Why? (10 marks) a