The financial statements for the year ended 30 November 20x8 of Springboard Ltd included a provision for doubtful debts (provision for bad debts) at that date of $2,400. During the year ended 30 November 20X9, the company received 1,800 from Peter Lyon towards the settlement of a debt of 2.200 that had been written off as irrecoverable by the company in 20x7. There is no evidence that Peter Lyon will be able to make any further payments to the company. Trade receivables at 30 November 20x9 amounted to 55,000, which includes the following debts. Mary Leaf Angus Way 2,200 1.700 It has now been decided to write off these debts as bad, In its financial statements for the year ended 30 November 20X9, the company is to continue its policy of maintaining a provision for doubtful debts (provision for bad debts) of 6 per cent of trade receivables at the year end. Note: Bad debts written off or recovered are not to be recorded in the provision for doubtful debts (provision for bad debts) account. Required: a. Prepare the journal entries in the books of the company necessitated by the receipt from Peter Lyon