i have assignment fot ACCT-201

i need help solving it all please

FINANCIAL ACCOUNTING ACCT 201 ASSIGNMENT 3 Last Date for Submission 19th November 2016 You are required to work in this assignment individually. Any suspicious activities or cheating will result zero grade in this assignment. Q1 Explain the direct write-off method and the allowance method of recognizing bad debt expense. [1.5 points] Q2. From the given information prepare the Statement of Cash Flows of Abdullah & Company on 31st December 2015 [4 points] Cash flow from activities: Net Income SR 160 375 Cash provided by operating activities: Depreciation expenses Issuance of ordinary shares SR 44 200 50 000 Gain on sale of plant assets Decrease in accounts payable 4 375 (4 750) Sale of plant assets 45 250 Purchase of land (35 000) Decrease in inventory 7 750 Amortization of intangibles 8 150 Payment of cash dividend (9 900) Redemption of bonds (25 000) 1 Q3. The trial balance before adjustment of XYZ Company reports the following balances: Dr. Accounts receivable Cr. $100,000 Allowance for doubtful accounts $ Sales (all on credit) 2,500 750,000 Sales returns and allowances 40,000 Instructions Prepare the entries for estimated bad debts assuming that doubtful accounts are estimated to be (1) 6% of gross accounts receivable and (2) 1% of net sales. [3 points] Q4. AG Inc. made a $10,000 sale on account with the following terms: 1/15, n/30. If the company uses the net method to record sales made on credit. Prepare the journal entries for following: 1- Record the sale [.5 point] 2- Payment on $6,000 of sales within discount period? [.5 point] 3- Payment on $4,000 of sales received after discount period? 2 [.5 point]