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2. Rasalega Enterprise provides the following information for its fiscal year ended 30th June 2021 (before adjustments): RM Cash sales 188,000 Credit sales 275,000 Accounts

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2. Rasalega Enterprise provides the following information for its fiscal year ended 30th June 2021 (before adjustments): RM Cash sales 188,000 Credit sales 275,000 Accounts receivable 76,000/debit balance) (before writing off bad debts) Allowance for doubtful accounts 6,000 credit balance) Write off bad debts 4,000 Aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible Required: (a) Prepare all the necessary adjusting entries as at 30th June, 2021. Show all workings. (5 marks) (b) Show the extract of the statement of financial position (balance sheet) as at 30"une, 2021)

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