00 38 A QUESTION 16 [CLO-4) At year-end (December 31), Rashid Company mate bed delt as 19 On the following February 15, Rashid decides that the AED000 account of Ayesha is uncollectible and off On March 31, Ayesha unexpectedly pays the amount previously written off. Required Part a) Prepare the journal entries of Rashid to record these transactions and events of December 31, February 15, and March 31st (6) Part b) Ahmed Company's year-end unadjusted trial balance shows accounts receivable of $60,000, and sales of $200,000 Unclecare mated to be 2% of accou receivable Required: Prepare the year-end adjusting entry on December 31st for uncollectible if the allowance account had a year-end unadjusted credit balance of $3001 Note: pan is not ed with part (all (1 mark) Part c) What is matching (expense recognition) principle? Why matching principle can be applied to estimate bad debts at the end of the accounting period? (1 m) For the toolbar, press ALT+F10 (PC) or ALT+N+F10 (Mac BIVS Paragraph xx, Arial 10pt 3~ Chick Save and Submit to save and submit Click Save All Answers to save all answers A 2 60 Sewery San and Subt