Question 2 ANZ Kitchen Appliances Pty Ltd has the following information for the month ended 30 June 2022: (10 marks) Accounts receivable has a debit balance of $176,550 (including the balance of C. Cathy's . account) at 1 June 2022. Allowance for doubtful debts has credit balance of $11,220 at 1 June 2022. On 15 June, received $3,300 of the account balance of C. Cathy's of $13,200 and . On 16 June, wrote off the remaining balance of C.Cathy's as a bad debt On 30 June, estimated bad debts expense for the year to be 2% of net credit sales of $825,000. Required: a) Prepare general journal entries for the transactions on 15, 16 and 30 June (ignore GST). (6 marks) b) Assuming that this is the only bad debt written off for the year and this is the only adjustment to the allowance for doubtful debts account, show the information that will appear in the income statement for the year ended 30" lune 2022 as a result of the above transactions. (2 marks) c) Show how accounts receivable will appear in the balance sheet as at 30 June 2022. (2 marks) ANSWER: