QUESTION 2 (10 marks) ABC Publishing Ltd sells a monthly political journal on credit. The accounting records at 30\"1 June 2010 revealed the following: Accounts receivable $ 323 500 Allowance for Doubtful Debts l 500 The following analysis was obtained with respect to the accounts receivable: Balance 20 uncollectable Accounts not yet due $ 173 600 V2 Accounts overdue: 1030 days 60 000 2 3l6O days 42 000 10 st 420 days 26 400 25 121 days is over 2] 500 40 i 323 500 Requked [0] Prepare the necessary general journal entry to bring the allowance for doubtful debts to the appropriate amount at 30fh June 20H). 5 marks {bl Prepare and balance the Allowance for Doubtful Debts account and the Bad Debts Expense account for the year ending 301h June 2010. 5 marks