Adrian Company's Trial Balance as at 31 December 2022 shows the following unadjusted balances: Adrian Company wanted to make the following adjustment on 31 December 2022: (a) $3,000 of balances owing by a customen (Mr Bond) is to be written off. (b) 4% of amount owing by customers as at 31 December 2022, is expected to be uncollectible. Required: (a) Prepare the journal entries for the adjustments. (2 marks) (b) Calculate the amount of cash realizable value of Accounts Receivable, as at 31 December 2022. (3 marks) Jackson Company's financial year end is from 1 January to 31 December. On 1 September 2022, Jackson Company made a sale to Philips, and received from Philips, a 6 -month, 9% promissory note, for $50,000. Philips honors the notes on its maturity date. Required: Prepare the journal entries in the books of Jackson Company