Q8.Al Zain Company doing the business for sale of Electronics. The company made total sales of 10 Million in which Cash Sales were OMR 1 Million. As the Company make sales on credit to different customers it reports the following financial information before adjustments.Debit Balance of Account Receivable OMR 375,000. Credit Balance of Allowance for Doubtful Accounts OMR 22,500.Al Zain Company estimates bad debts at 3.5% of net sales and follows direct write off method to record the Journal entries. Based on the previous years' experience Al Zain Company also estimated bad debts at 6.25% of account receivables as per the allowance method on credit sales. As Al Zain Company has not received the full amount it has written off the estimated amount of account receivables on 30 October. In the month of January the customers has paid the full amount which was written off by Al Zain Company. You are required to pass necessary Journal entries