Question: 3) River Inc. keeps its accounts in TL. The company purchased 5,000 $ (US Dollar) on June 10, 2021. The foreign currency was kept in the safe of company. On April 3, 2022, the company sold 5,000 $. The exchange rates are as follows: US DOLLAR ($) Date June 10, 2021 December 31, 2021 April 3, 2022 FX Rate 2.80 TL 3.20 TL (Note: The FX rates are not real for making the calculations easy for you.) 3.00 TL Required: Prepare the journal entries on June 10, 2021, December 31, 2021 and April 3, 2022. Question: 4) At December 31, 2021, the balance sheet prepared by Jarrett Persinger included $1,008,000 in accounts receivable and an allowance for doubtful accounts of $52, 800. During January of 2022 selected transactions are summarized as follows: (1) Sales on credit. (2) Cash collections from customers (3) Accounts receivable from Rain Company written off as uncollectible. $721,280 729,600 18,560 After careful analysis of all customer's accounts at January 31, it was decided that the allowance for doubtful accounts should be adjusted to a balance of $58,560 in order to reflect accounts receivable at net realizable value (net value) in the January 31 balance sheet. Company uses percentage of accounts receivables to estimate its bad debts. Required: a) Prepare journal entry or entries summarizing for the entire month of January the activity described in the three numbered items. b) Show the adjusting entry at January 31, 2022 to provide for bad debt expense. c) Show the amounts of accounts receivable and the allowance for doubtful accounts as they would appear in a partial Balance Sheet at January 31, 2022. d) Show the amount of bad debt expense in a partial Income Statement for January 2022. e) Assume that three months after the receivable from Rain Company had been written off as uncollectible, Rain Company won a large award in the settlement of patent litigation and immediatly paid the $18,560 debt to Jarrett Persinger. Prepare the journal entry or entries to reflect this recovery of a receivable previuosly written off.