Problem Chapter 07

Problem Chapter 07 ABC Co. just started its business on January 1, 2021. On March 15, 2021, an ABC customer experienced bankruptcy, so accounts receivable on behalf of customers IDR. 100,000,000. is written off by ABC. On July 15, 2021, the bankrupt customer returned to ABC to pay off part of its obligations that were written off, by depositing IDR. 25,000,000. As of December 31, 2021, ABC has a balance in accounts receivable worth IDR 5,000,000,000. During 2021, there were sales on credit worth IDR 2,000,000,000. Requested : a. What journal must ABC make to recognize a date transaction? March 15 and July 15 2021 above? b. Assuming that ABC calculates the estimated accounts receivable uncollectibles for 2022 on a 5% basis of on credit sales, what adjusting entry should ABC make at 31 December 2021? c. Assuming that ABC calculates the estimated accounts receivable uncollectibles for 2022 on a 5% basis of credit sales, what is the cash realizable value as of December 31 2021? d. Assuming that ABC calculates the estimated accounts receivable uncollectibles for 2022 on a 1% basis of accounts receivable, what adjusting entry should ABC make per December 31, 2021? e. Assuming that ABC calculates the estimated accounts receivable uncollectibles for 2022 on a 1% basis of accounts receivable, what is the cash realizable value per 31 December 2021?