QUESTION 3 Journal the following transactions by using Allowance Mcthod Reliance Industries, a public limited company, operating at University City road, had credit sales of AEDs 500,000 during its first year of operations. At the end of the first year, AED: 25,000 of credit sales remained uncollected. Based on the experience of similar businesses, The Company estimated that AED: 2.500 of its accounts receivable would be uncollectible. 1 On March 20, Duhai Communications determined that Tata Chemicals AEDs 10,750 account is uncollectible. On March 31. Tata Chemicals unexpectedly pays in full his AEDs 10,750 account which was previously written off from the books of Reliance Industries. Journal entries in the books of Debit Details Particulars Credit TTTT Powgraph Anal #3113 ET