Jan 1 Jan 15 The following transactions are related to Didi Bhd for the year ended 31 December 2018: The beginning balance of allowance for doubtful debts was RM30,000. Reinstated Dadu Bhd's account, which had been written off in the preceding year as collectible. Received cash RM2,000. Mar 20 Wrote off RM5,000 owed by Ragi Bhd, which was bankrupt. May 16 Received 50% of RM20,000 owed by Saga Bhd, a bankrupt business and wrote off the remainder of the debts. Reinstated Mama Bhd's account, which had been written off in the preceding year as collectible. Received cash RM6,500. Estimated RM20,000 to be uncollectible debts, based on the accounts receivable balance of RM2,000,000. Sep 12 Dec 31 Required: (a) Discuss the importance of accounts receivable balances to the customers of the business. (b) Journalize the transactions. (c) Determine the expected net realizable value of accounts receivable as at 31 December 2018. (d) Assuming the estimated uncollectible debts is based on 1% of credit sales of RM500,000 for the year, determine the following: (i) Bad debt expense; (ii) Balance in the allowance for doubtful debts account; and (iii) Expected net realizable value of accounts receivable as at 31 December 2018