On 1 Dec 2023, Fruits Pte Ltd's trial balance includes the following items:

Account	Dr ($)	Cr ($)
Accounts Receivables	220,000
Allowance For Doubtful Accounts		5,000

(i) In the month of December, Fruits Pte Ltd made credit sales of $15,000 and a cash sale of $5,000. (ii) The company also collected $18,000 from its accounts receivables in December. (iii) A review of the Accounts Receivables on 1 Dec 2023 reveals the following:

Customer	Balance	Remarks
Apple Associates	$3,000	The customer has gone bankrupt.
Banana Brothers	$7,000	70% is estimated to be uncollectible.

An aging analysis of the rest of the accounts receivables indicated that an estimated 3% of these accounts would not be collectible. The company uses the allowance method to value its accounts receivables.

Required: (a) Journalise the transactions above including the necessary adjusting journal entries for the company to recognize bad debts. Narration is not required. However, it is important to present all the workings. Round your answers to nearest $. (b) Determine the net realizable value of the accounts receivable as of 31 Dec.