No.1 Peakhurst Limited had the following trial balance at 1 January 2016:

mm M You are given the following additional information for the year ended 31 December 2016: a) Bad debts of 58000 were written off. b) It was decided that allowance for doubtful debts should be 4 per cent of accounts receivable. Required: 1) journal entries for these transactions. 2)the T-ledger accounts for the following for the year ended 31 December 2016: a) accounts receivable b) allowance for doubtful debts c) bad debts expense