show all calculations

Section 1 On December 31,2020 , Company Dragon Fly has the following information as presented below Account LA/C Receivable at the beginning of the year ADA [debit balance in the beginning) Sales Sales Return Sales Discount 15% of the sales are cash $ 8,720 175 25,460 1600 5% of sales The company has decided to estimate bad debt for the year based on 5% sales .The writing off of the debt occurs before the estimation of Allowance for Doubtful debt [ADA] Part 2 [ Account Receivable method] If the company decides to use the account receivable method {Use 9% A/C receivable ] A. Calculate the desired balance of ADA B. Calculate the bad debt and show them on T- Account C. Journalize bad debt and the ADA D. Show the balance sheet extract for the Net Realizable Value