EXERCISE 4 7 marks) a) Azar Company's ledger at the end of the current year shows Accounts Receivable of $150,000. If Allowance for Doubeful Accounts has a debit balance of $3.000 in the trial balance and bad debts are expected to be of accounts receivable journalize the adjusting entry for the end of the period: 2 marks b) Danube Company estimates that of net credit sales will become uncollectible. Sales are $500,000, sales returns and allowances are $30.000, and the allowance for doubtful accounts has a $6.000 credit balance.joumalize the adjusting entry for the end of the period (2 marks) Russel Company uses the allowance method for estimating collectible accounts Prepare journal entries to record the following transaction 3 marks August 21: Wrote off as uncollectible $800 owed by a customer October 5: Unexpectedly received a check for $250 from the above customer