Marcellus Purse conduct cleaning business on the credit basis. He provides the service first and collects the account receivable in 60 days. The Allowance for Doubtful Debts account on I October 2019 is $3,993. The following information is available: 1. The business uses aging of account receivable method to account the bad debt 2. The accountant is required to update the balance of allowance of doubtful debt account at the end of each month 3. On 5 October 2019 a total of $1,997 owed by Lucy Frone has been deemed as uncollectable and therefore written off. 4. The total sales recorded during 1 October 2019 to 31 October 2019 is $832,977 The balance in the Account receivable on 31 October 2019 is $198,300 On 31 October 2019 the accountant estimates that 3% of the account receivable is estimated as doubtful. 5. 6. Question 4 Required (a) Prepare the Accounting Entries for the transactions or events relating to bad debt for the month ended 31 October 2019, ignore GST (12marks) (b) Prepare and balance the T-account for Allowance for Doubtful Debts accounts as at 31 October 2019. (8 marks)