QUESTION 6 (9 marks) (i) Alan uses the income statement approach in estimating uncollectible accounts expense, and uncollectible accounts expense is estimated to be 2% of credit sales. The sales during the month of January was $900 000, of which 20% was cash sales. What is the amount of uncollectible accounts expense recognized in Alan's income statement for January? (1 mark) (ii) ABC Inc. bought 15000 shares on Jan 1 for $35.65 per share, plus brokerage commission of $300. On Jan 16, sold 10 000 shares for $34.50 per share less brokerage commission of $210. Record the journal entries for the transactions, including explanation. (3 % marks) (iii) Prepare a bank reconciliation as at 30 June 2021 for Handsome Inc. using the following information: The outstanding check with number 100 for $875 and deposit in transit of $3,300. Bank charges was $30. NSF check of LM Broke was $250. Note collected by the bank was $2000. There was an error recorded as S230 by Han Inc instead of S320 for check number 142. Bank statement shows a credit balance of $13 265 and depositor's account records has a balance of S14 060. (4 % marks)