2. Modern LLC as on December 31, 2020, reported the following information: (5 Marks) Balance of Allowance for Doubtful Accounts as on January 1, 2020 OMR 50,000 Cr. Customer accounts written-off as uncollectible during 2020 OMR 6,000 Balance of Accounts Receivable Account before year-end adjustment as on December 31, 2020 OMR 700,000 The aging schedule of the accounts receivable as on December 31, 2020 is as follows: Days Account Outstanding Amount (OMR) Percentage of uncollectible Less than 16 days 16 - 30 days 31-45 days 46 - 60 days 61 - 75 days Over 75 days 400,000 150,000 90,000 30,000 20,000 10,000) 2% 10% 15% 20% 45% 100% Required: Prepare journal entries for; a. Bad debts written-off b. Allowance for uncollectible c. the recovery of OMR 7000 which was considered as uncollectible in 2019. Journal Entries Date Particulars Debit (OMR) Credit (OMR)