Information related to A-Zero Pty Ltd for the year 20X9 is summarised below. Financial year is ended at 30th June.

Total credit sales $1,005,000 Sales return and allowance $5,000 Doubtful debts written off $20,000 Opening Balance of Allowance of Doubtful Debts $25,000 Bad debt estimation under ageing of account receivable method $15,000 Balance of account receivable before the estimation of bad debt expense $1,000,000 Above information may not be applicable to all methods applied) Required: (please label your responses as 1.,2.,3.) Three methods are used to estimate the bad debt expense. Answering the following questions for each method applied below. a) Direct write-off method, b) 3% of net credit sales method, and c) ageing of account receivable method. 1. prepare the journal entry to recognize bad debt expense 16/12) 2. estimate the closing balance of allowance of doubtful debts and (3/12) 3. estimate the carrying amount of account receivable at the end of the year 20X9.(3/12)