QUESTIONAA Time recommendation: 4 minutes Arbo Ltd's management have been actively pursuing clients who fiil to pay irvoices when they fall due. Based on the experience of Arbo in this financial year which ends on June 30,10% of its receivables balance will be uncollectible. These clients typically can never pay amounts due to to Arbo, Required: Identify the method and approach that is appropriate to account for bad debts in this case, justifying why the method and approach you have identified is appropriate. ( 2 marks) Time recommendations 4 minutes Business is going really well and Arbp has realised a profit of 5500,000 . However Erian and Eissa has hyd a lot of conmict in their personal and business retationst p and thus Brian has asked for your advice on how the profit will be allocated amongst the two partners given that he did not contribete as much assets as Elisa but he did do the bulk of the business work, accounting for 80% of business service rendered. Specifically he has asked that you help him record the profit allibcation to the partners of Arbp. Required: Joumallse the distritution of the $500,000 profit in the the partinership. When calculating any capital contribution percentages, round to 2 decimal places (example 22.53% ) where relevant, (2) marks) Instructions: Record the general journal by selecting the correct accounts and amounts that are debited and credited