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5 Peakhurst Limited had the following trial balance at 1 January 2019: Debit(S) Credit() Accounts receivable 800 000 Allowance for doubtful accounts 20 000 You are given the following additional information for the year ended 31 December 2019: a. Sales on account for S10 000. b. Bad debts of $8,500 were written of c. It was decided that allowance for doubtful debts should be 5 per cent of accounts receivable. (1) Prepare joumal entries for these transactions (1-3)(6) 6 Peakhurst Limited had the following tal balance at 1 January 2019: Debit(s) Credit($) Accounts receivable 800 000 Allowance for doubtful accounts 20 000 You are given the following additional information for the year ended 31 December 2019, a. Sales on account for $10 000. b. Bad debts of $8,500 were written off c. It was decided that allowance for doubtful debts should be 5 per cent of accounts receivable. (2) Show the ledger accounts for the following for the year ended 31 December 2019-01-2/4") a. accounts receivable b. allowance for doubtful accounts