Question 2 The following transactions relate to H&H Limited for 2021-2022. In particular, their financial year starts on the 111 day of July 2021 and ends on the 3111 day of December 2022 . The opening balance of accounts receivable on the 1: day of July 2021 is $21200. On the same day, the allowance for doubtful debt account has a balance of $1240. During the year, the company made a sale of $173000. and it might be relevant to note that the entire sale is on credit. The company collected $166960 from customers during this period. Considering the relevant factors, Mr Paul Willaim, an expert credit manager, decided that $480 shold be written off as bad debts. He further decided that the allowances for doubtful debts should be increased to $1680. Required: - Prepare the (1) Account Receivable Account and (2) Allowance for Doubtful Debts Account (T-account Form) ANSWER a): - Calculate the (1) estimated collectable valuable of account receivable and (2) the bad debt expenses for H\&H Limited as of the 30th day of June 2022 ANSWER b)