0n 1 June 2020, Mason Ltd. had Accounts Receivable $424,778 and Allowance for Doubtful Debts accounts $6,050. Ignore GST. Du ring June, the following transactions occurred: 1. Revenue earned on credit, $597,500. 2. Sales returns, $12,050. 3. Accounts receivable collected, $700,000. 4. Accounts written off as uncollectable, $5,926. Based on an ageing of accounts receivable on 30 June, the firm determined that the Allowance for Doubtful Debts account should have a credit balance of $6,750 on the balance sheet as at 30 June 2020. Ignore GST. Required: a) Prepare general journal entries to record the four transactions. (4 marks] bi Prepare journal entries to adjust the bad debts expense and allowance for doubtful debts account. [1.5 marks) c] Show how accounts receivable and the allowance for doubtful debts would appear on the balance sheet at 30 June 2020. [2 marks} d} On 10 Julyr 2020, Kent Ltd, whose $1,300 account had been written off as uncollectable in June, paid its account in full. Prepare journal entries to record the collection. (1.5 marks)