Question 2 The CEE NEE Cosmetics Sdn Bhd provides cosmetics and beauty products for Malaysia market. During 2019, the company sold products of RM400,000 on account of this amount RM50,000 remains uncollected at the end of the year (31" December 2019). The company estimated (73% of credit sales can not be collected. Required: a) Calculate the amount for uncollectible (2 marks) b) On 15 April 2019, a customer's account balance of RM600 is written off as uncollectible. Record the write-off. (2 marks) c) Record the 31 December 2019, adjusting entry, assuming the balance of the allowance account before adjusting entries is RM400 (credit) (3 marks) d) Show the receivables balance in the Statement of Financial Position as at 31 December 2019. (3 marks) Question 2 The CEE NEE Cosmetics Sdn Bhd provides cosmetics and beauty products for Malaysia market. During 2019, the company sold products of RM400,000 on account of this amount RM50,000 remains uncollected at the end of the year (31" December 2019). The company estimated (73% of credit sales can not be collected. Required: a) Calculate the amount for uncollectible (2 marks) b) On 15 April 2019, a customer's account balance of RM600 is written off as uncollectible. Record the write-off. (2 marks) c) Record the 31 December 2019, adjusting entry, assuming the balance of the allowance account before adjusting entries is RM400 (credit) (3 marks) d) Show the receivables balance in the Statement of Financial Position as at 31 December 2019