At December 31, 2019, Cafu SA reported the following information on itsstatement of financial position. Accounts receivable R$960,000 Less: Allowance for doubtful accounts 80,000 During 2020, the company had the following transactions related to receivables. 1. Sales on account R$3,700,000 2. Sales returns and allowances 50,000 3. Collections of accounts receivable 2,810,000 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible 29,000 90,000 Instructions (a) Prepare the journal entries to record each of these five transactions. Assumethat no cash discounts were taken on the collections of accounts receivable. (b) Enter the January 1, 2020, balances in Accounts Receivable and Allowancefor Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (c) Prepare the journal entry to record bad debt expense for 2020, assumingthat an aging of accounts receivable indicates that expected bad debts areR$ 115,000. -. (10%) Information related to Hamilton plc for 2020 is summarized below. Total credit sales 2,500,000 Accounts receivable at December 31 850,000 Instructions (a) Assume that Hamilton estimates its bad debt expense based on 6% ofaccounts receivable. What amount of bad debt expense will Hamilton recordif it has an Allowance for Doubtful Accounts credit balance of 3,000? (b) Assume the same facts as in (a), except that there is a 5,000 debit balance in Allowance for Doubtful Accounts. What amount of bad debt expense will Hamilton record