QUESTION $4(20$ marks$)$ Below is an extract from the pre$-$adjustment trial balance of Jumping For Fun, a company that rents out jungle gyms for children$$s parties, as at $31$ October $2024.$ Trade receivables $1,355,000$ Allowance for doubtful debts $103,500$ The following information became available to the Accountant on $31$ October $2024$: Please note that the following information has not been processed in the books of Jumping For Fun: a$)$ When posting the totals from the sales journal to the General Ledger at the end of October $2024,$ the sales column was posted as R$1750000$ instead of R$1705000.$ b$)$ A sale return by debtor We Jump on $15$ October had been recorded in the debtor Like To Jump$$s account in the Debtors$$ Ledger. c$)$ The October bank statement included transactions up to and including $27$ October $2024.$ d$)$ The April $2024$ bank statement reflected a dishonoured $($R$/$D$)$ cheque for an amount of R$25600.$ This cheque was received from debtor Jump A Lot on $5$ October $2024$ and deposited in the bank account on the same day. Jumping For Fun$$s policy is to allocate all charges relating to dishonoured cheques to the individual debtors concerned. The dishonoured cheque above resulted in additional 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 by Lazy Jumpers on $31$ October $2024$ was R$18500.$ This amount is related to ANNEXURE I: FORMATIVE ASSESSMENT $213$ HFAC$130-1-$Jul$-$Dec$2024-$FA$2-$AA$-$V$4-15102024$ sales made to the debtor during the current financial year. Lazy Jumper$$s lawyer confirmed that Jumping For Fun would receive $35$c for each Rand owed to the business. On $31$ October $2024,$ a cheque was received from Lazy Jumpers. On $31$ October $2024,$ Jumping For Fun decided to write the remainder of Lazy Jumper$$s debt off as irrecoverable. g$)$ On $31$ October $2024,$ debtors to whom sales amounting to R$85000$ had been made in the previous financial year were considered irrecoverable, and the decision to write off these debtors had been made. h$)$ Jumping For Fun reliably estimated that it was unlikely that $6\%$ of outstanding debtors on $31$ October $2024$ would be collected. REQUIRED: $4\mathrm{.}1.$ Prepare the general journal entry$/$ies that would have been processed to record the 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 information provided in point $($f$).$ Closing entries are not required. Ignore dates and narrations. $(4$ marks$)4\mathrm{.}3.$ Refer to points $($a$)($h$).$ Prepare the Trade Receivables Account as it would appear in the General Ledger of Jumping For Fun for the year ended $31$ October $2024.$ Balance or close off the account appropriately. $(9$ marks$)$ ANNEXURE I: FORMATIVE ASSESSMENT $214$ HFAC$130-1-$Jul$-$Dec$2024-$FA$2-$AA$-$V$4-151020244\mathrm{.}4.$ Calculate the amount that will appear in the statement of comprehensive income of Jumping For Fun for the year ended $31$ October $2024$ as bad debts expense. $(3$ marks$)$