a. A balance sheet extract of Mercator Ltd. reported as at 30 June, 2019; Accounts Receivable $825 000 Allowance for Doubtful Debts (15 200) Required: Assuming an Accounts Receivable balance of $878 000 as at 30 June, 2020 and net credit sales for the period of $2 860 000 prepare the general journal entries for the following: i Estimated Bad Debts expense of 1.75% for the year ending 30 June, 2019. Based on the percentage of net credit sales method.' i. Bad debts written off period ending 30 June, 2020 $39,200.- ii. Bad debts adjustment using the following Schedule for the Ageing of Accounts Receivable method; 1/2 Balance % estimated Uncollectable Accounts not yet due $508 200 Accounts overdue: 10 - 30 days 286 000 2 31 - 60 days 48 500 102 61 - 120 days 22 300 20 121 days & over 13 000 $878 000 :40 b. Calculate the balance of the Allowance for Doubtful Debts account under both the net credit sales and the ageing of accounts receivable methods. a. GENERAL JOURNAL OF MERCATOR LTD. Date Particulars 30/6/20202 Debit Credit ka ka b) + Provision for doubtful debts (under the Net credit sales method) Amount $ Amount $ Date Particulars Date Particulars I da Provision for doubtful debts (under the Ageing of Accounts Receivable method) Amount $ Amount $ Date Particulars Date Particulars c) Explain, in your own words, i. What is the difference between the 'Net Credit Sales method' and the 'Ageing of Accounts Receivable method when accounting for doubtful debts. Insert your answer here; ii. Which method provides the most accurate result? Insert your answer here; ^ ^ ^