16.Peakhurst Limited had the following trial balance at 1 January 2019: Credit Debit($) $) 800 00 Accounts receivable 0 Allowance for doubtful 20 000 accounts You are given the following additional information for the year ended 31 December 2019: a. Sales on account for $10 000. b. Bad debts of $8,500 were written off. c. It was decided that allowance for doubtful debts should be 5 per cent of accounts receivable. (2) Show the ledger accounts for the following for (2) Show the ledger accounts for the following for the year ended 31 December 2019:(1-2)(4') a. accounts receivable b. allowance for doubtful accounts