Discounts, returns and depreciation of accounts receivable Here are the balances on January 1, 2018 taken from the accounting records of the Juvnile company: Customers $ 115,000 Provision for impairment - customers 7,000 During the 2018 financial year (ended December 31), apart from sales made cash, the company also sold merchandise and made collections according to payment terms of 2/10, n / 30. (Suppose the Juvenile company sells a single product, at a unit cost of $ 500, and it employs the gross amount method to record its turnover.) Operations carried out during 2018: a) Sale of goods for cash: $ 234,000. b) Sale of goods to R. Jeunet; invoice amount: $ 13,000. c) Sale of goods to K. Noiret; invoice amount: $ 25,000. d) Return by R. Jeunet, two days after the date of purchase, of one of the items purchased in B) ; a credit is posted to the customer's account. e) Sale of goods to B. Serrault; invoice amount: $ 24,500. f) Payment of R. Jeunet, who settles his account in full within the time limit set for benefit from the discount. g) Company recovery of $ 98,000 in cash on sales for the year previous made on credit to customers; all payments were made within expected timeframes for obtaining the discount. h) Payment of K. Noiret, who settles the invoice for the goods he purchased in c); he pays on time to receive the discount. i) Sale of goods to R. Roy; invoice amount: $ 17,500. j) Return by K. Noiret of seven defective items three days after full payment Account ; the customer receives a cash refund. k) Recovery by the company of $ 6,000 in cash from a customer account for sales made the previous year, so after the deadline to take advantage of the discount. l) Company write-offs of $ 3,000 account it deems uncollectible. m) Provision for depreciation estimated at $ 6,000 following a chronological analysis of the company's accounts receivable.

Work to do 1. Using the following accounts, indicate the effect and amount of each transaction listed above, including the write-off of the bad debt and the correction relating to the estimate of the provision for depreciation. Write a + for an increase and one - for a decrease. If there is no effect, write AE. The first operation is given as an example.

Figure gross business a) +234,000 discounts on sales AE Renderings and discounts on sales AE Depreciation accounts clients AE

2. Indicate how the accounts relating to sales and marketing activities should be presented. recovery in the company's income statement for the year 2018. (Note: Consider sales discounts as a reverse account.)