QUESTION $4(20$ marks$)$Below is an extract from the pre$-$adjustment trial balance of Jumping For Fun, acompany that rents out jungle gyms for childrens parties, as at $31$ October $2024.$Trade receivables $1,355,000$Allowance for doubtful debts $103,500$The following information became available to the Accountant on $31$ October $2024$:Please note that the following information has not been processed in the books ofJumping For Fun:a$)$ When posting the totals from the sales journal to the General Ledger at the endof October $2024,$ the sales column was posted as R$1750000$ instead of R$1705000.$b$)$ A sale return by debtor We Jump on $15$ October had been recorded in thedebtor Like To Jumps account in the Debtors Ledger.c$)$ The October bank statement included transactions up to and including $27$October $2024.$d$)$ The April $2024$ bank statement reflected a dishonoured $($R$/$D$)$ cheque for anamount of R$25600.$ This cheque was received from debtor Jump A Lot on $5$October $2024$ and deposited in the bank account on the same day. JumpingFor Funs policy is to allocate all charges relating to dishonoured cheques tothe individual debtors concerned. The dishonoured cheque above resulted inadditional bank charges of R$375.$e$)$ Bank charges $($excluding those indicated in $($d$)$ above$)$ amounting to R$1200$were reflected on the October $2024$ bank statement.f$)$ Debtor Lazy Jumpers was declared insolvent in $2024.$ The total debt owed byLazy Jumpers on $31$ October $2024$ was R$18500.$ This amount is related toANNEXURE I: FORMATIVE ASSESSMENT $213$ HFAC$130-1-$Jul$-$Dec$2024-$FA$2-$AA$-$V$3-19072024$sales made to the debtor during the current financial year. Lazy Jumperslawyer confirmed that Jumping For Fun would receive $35$c for each Rand owedto the business. On $31$ October $2024,$ a cheque was received from LazyJumpers. On $31$ October $2024,$ Jumping For Fun decided to write the remainderof Lazy Jumpers debt off as irrecoverable.g$)$ On $31$ October $2024,$ debtors to whom sales amounting to R$85000$ had beenmade in the previous financial year were considered irrecoverable, and thedecision to write off these debtors had been made.h$)$ Jumping For Fun reliably estimated that it was unlikely that $6\%$ of outstandingdebtors on $31$ October $2024$ would be collected.REQUIRED:$4\mathrm{.}1.$ Prepare the general journal entry$/$ies that would have been processed to recordthe information in points $($a$)$ and $($b$).$ If NO general journal entry$/$ies are required,provide reasons for your answer. Ignore dates and narrations.$(4$ marks$)4\mathrm{.}2.$ Refer to point $($f$).$Prepare the general journal entry$($ies$)$ necessary to process the informationprovided in point $($f$).$ Closing entries are not required. Ignore dates andnarrations.$(4$ marks$)4\mathrm{.}3.$ Refer to points $($a$)($h$).$Prepare the Trade Receivables Account as it would appear in the GeneralLedger of Jumping For Fun for the year ended $31$ October $2024.$ Balance orclose off the account appropriately.$(9$ marks$)$ANNEXURE I: FORMATIVE ASSESSMENT $214$ HFAC$130-1-$Jul$-$Dec$2024-$FA$2-$AA$-$V$3-190720244\mathrm{.}4.$ Calculate the amount that will appear in the statement of comprehensiveincome of Jumping For Fun for the year ended $31$ October $2024$ as bad debtsexpense.$(3$ marks$)$