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Please help me out :) Question 2.1. Accounts Receivable On 1 July 2019, Meow Limited had an accounts receivable balance of $205,000 and an allowance

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Question 2.1. Accounts Receivable On 1 July 2019, Meow Limited had an accounts receivable balance of $205,000 and an allowance for doubtful debts balance of $4,100. During the year ended 30 June 2020, credit sales amounted to $75,500 and cash collected from customers was $81,000. At the end of the financial year, the credit manager decided that accounts totaling $1,600 should be written off as bad debts. An aging analysis shows that the ending balance of allowance for doubtful debts should be $6,200. Prepare all the related journal entries including: Credit sales (1 mark) Collection of cash (1 mark) Write-off of bad debt (2 mark) and Recognizing the bad debt expense (3 mark). Fontfamily v Fontsize v Paragraph v {:3 I! Credit sales (1 mark): count name Debit (\"fredit ($) Dr. Cr. Collection of cash (1 mark): count name Debit (\"Credit ($) Dr. Cr. Path: p Words:42 .:E

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