Part E Question 5 Part E Question 6 Question 5 Question 5 is related to Marker Enterprise. Marker Enterprise is a business supplies stationery product. To ensure the competitive advantage of the business, it provides credit facilities to its customer The following information relating to the business trade receivables for the year ended 31 March 2022: Trade receivables Less: Allowance for doubtful debt Allowance for discount allowable Net trade receivable RM 52,310 (9,350) (2,500) 40.460 For the year end 31 March 2022, the following activities has to be considered for the preparation of financial statements. Date Transactions 2 April 2021 Sales amounted RM32,500 to Populer Trading of which only 30% was a cash sale. 3 April 2021 Issued invoice RM5,200 to Bordens Enterprise before allowing 3% trade discount. hrepresents only 50% 15 June 2021 Received cheque from Populer Trading wh ENG US trade discount. NT 15 June 2021 Received cheque from Populer Trading which represents only 50% of the amount due. 8 July 2021 Sold fifteen sets of kitchen cutlery to MPP Bookstore and BookExpert Enterprise worth RM25,540 and RM24,450 respectively both with credit term of 5/120, net 180. 10 August 2021 The business received a cash payment of RM8,000 from Pencil Sdn Bhd although this debt was previously written-off as bad debt. 17 September 2021 Received a cheque from MPP Bookstore for full settlement of its debts and on the same day received 60% cash settlement from BookExpert Enterprise. 5 October 2021 Credit sales to Ink Sdn Bhd amounting RM15,960. However, the company returned some of faulty products worth RM520 in the next day. 3 January 2022 Ink Sdn Bhd made full settlement of their account by cheque. 5% cash discount was given. 28 March 2022 After repeated effort to collect the amount due from Book Expert Enterprise was unsuccessful, this amount was written as bad debt. cash discount was given. 28 March 2022 After repeated effort to collect the amount due from BookExpert Enterprise was unsuccessful, this amount was written as bad debt. It is the company policy to maintain the allowance for doubtful debts at 10% of outstanding trade receivables and 5% allowance for discount allowable to potentially good receivables. (Round off your answer) Required: Prepare journal entries for the business activities above (narrations are not required). [20 Mark] Please write your answer below: Source La LA (ABC 1 2 B T U = x x BE = 12 Size - ? Styles Format Font EN U