Question 2: [6 marks) accounts Dr Cr Account receivables 66000 Allowance for doubtful account 1000 Credit sales 60000 Cash sales 20000 The following balances are reported at Marah Co. records in 31/12/2019 before adjustment: Instructions: 1- suppose the company estimates its uncollectible account to be 10% of sales. The balance of allowance for doubtful account to be reported at 31/12/2019 statement of financial position, is: 2- suppose the company estimates its uncollectible account to be 10% of receivables. The balance of allowance for doubtful account to be reported at 31/12/2019 statement of financial position, is: 3- the net realizable value at 31/12/2019 using (percentage of receivable approach), is