Q1 In Jan 132018 Ahmed company write off a balance of 1100 owed by a customer. Write the Entry in the Journal for Mr. Ahmed Company. Q2 Prepare The Journal Entry for the following transactions: 1) On May 1, Noon sold merchandise on account to Ofoq for 50,000 terms 3/15, net 45 . On May 4, Ofoq returns merchandise with a sales price of 2,000. On May 16 , Noon receives payment from Ofoq for the balance due. Prepare journal entries to record the May transactions on Noon's books. (Ignore cost of goods sold entries.) 2) A)Noon company has credit sales of SR 300,000 in 2022, of which 50,000 remains uncollected at December 31. The credit manager estimates that 5,000 of these sales will prove uncollectible. B) The vice-president of finance of Noon Company on March 1, 2018, authorizes a write-off of the SR 600 balance owed by Ofoq Company. C) On July 1, Ofoq pays the SR 600 amount that Noon company had written off on March 1.)