Question 2: Accounts Receivable (18 Marks) At year-end (December 31), Brill Company estimates its bad debts as 6% of its annual credit sales of $72,600. Brill records its Bad Debts Expense for that estimate. On the following February 1, Brill decides that the $365 account of Y aris is uncollectible and writes it off as a bad debt. On June 5, Yaris unexpectedly pays the amount previously written off. Required: Prepare Brill's journal entries for the transactions. (10 marks) B: Brill Company applies direct write off method of accounting for uncollectibles. Mar 1 Brill estimates that it cannot collect AED 60,000 pf its receivables from ABC associates. Mar 30ABC associates unexpectedly pay its amount in full for Brill. Brill records recovery of bad debt. Required: Prepare Brill's journal entries for the transactions. (8marks)