ALLOWANCE FOR DOUBTFUL DEBTS Zet Ltd. decided to make allowance for doubtful debts at the rate of 5% of trade receivables at the end of its financial year, that is 31 December each year. He made the first allowance on 31 December 2017. Trade receivables has been as follows: Year 2017 2018 2019 2020 Trade Receivables () 114,00 12,200 10,800 11,200. prepare journal entries Suggestion It should look like this Bad debt Expense xxxxxx Debit Provision for Doubtful DebtsxxxxCredit