Italia Enterprise closes its accounts on 31 July each year. The owner has provided the information below for bad debts and allowance for doubtful debts recording purposes at the end of each accounting period: Trade receivables (RM) Bad debts to be written off (%) Allowance for doubtful debts (%) 2020 294,400 10 5 2021 384,000 10 4 The allowance for doubtful debts was recorded at RM15,400 as at 31 July 2019. (iii) Provide the journal entries (with narratives) if 50% of the bad debts which have been written off at the end of 2021 is recovered (cheque received). (5 marks) (iv) Explain TWO (2) methods use in estimating the amount to be provided for allowance for doubtful debts. (4 marks)