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QUESTION 2- (ACCOUNTS RECEIVABLE) The following data about Zeta Company's accounts related with credit sales are available for 2019. Net Sales during 2019 (all on

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QUESTION 2- (ACCOUNTS RECEIVABLE) The following data about Zeta Company's accounts related with credit sales are available for 2019. "Net Sales" during 2019 (all on credit) 750.000 TL "Accounts Receivables", on 1.1.2019 45.000 TL "Allowance For Uncollectible Accounts", on 1.1.2019 10.000 TL (Credit) Collection of accounts receivables during 2019 580.000 TL Customer accounts written off as uncollectible during 2019 2.000 TL * Assuming that Zeta Company provides for doubtful accounts based on % of the credit sales. Required: a) Make the relating adjusting entry for Bad Debt Expense on December 31, 2019. b) Compute the net balance (net realizable value) of Accounts Receivable on December 31, 2019. QUESTION 3 - (SHORT TERM INVESTMENTS) On November 1, 2019 Ohio Corp purchased 90-day municipal bonds with a face value of $36,000. Fair value of the bonds on November 30, 2019 was 41,500, on December 31, 2019 was $44,500; on January 31, 2020 was $45,000. The investment is classified as "fair value through other comprehensive income"; Required: a) Prepare necessary journal entries for November 1, 2019 and November 30, 2019. b) Show the impacts of the journal entries on the partial Balance Sheet as of November 30, 2019. 2

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