During the year a corporation made credit sales of sh 2,000,000 and made collections of sh1,500,000. During year two the corporation made credit sales of sh 3,000,000, made collections of 460,000 from year one credit sales and 2,250,000 from year two credit sales, and wrote off credit sales from year one of 32,000; The percentage of receivable method was used to estimate the allowance for uncollectable accounts. Required If the allowance for uncollectable accounts was estimated to be 6% of uncollectable accounts receivable each year Show the necessary journal entries to record the transactions in the two accounting periods. b) Intangible assets are long-lived assets that are useful to a business but have no physical substance. Explain at least four intangible assets that can be found in a typical hotel and the relevant journal entries illustrating their amortization