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 Amount (OMR) Percentage of uncollectible 400,000 2% Outstanding Less than 16 days 16 - 30 days 31-45 days 46 - 60 days 150,000 10% 15% 90,000 30,000 20% 61 - 75 days 20,000 45% Over 75 days 10,000 100% 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)