The financial year end of the clothing wholesaler is 31 December. You have been provided the following information by the management of the company:

Year1 Bad debts written off years to 31 December Use any amount between RM2, 000 and RM3, 000.

Accounts receivable at 31 December after bad debts written off Use any amount between RM50, 000 and RM60, 000.

Percentage allowance for doubtful debts3.

Year2 Bad debts written off years to 31 December Use any amount between RM4, 000 and RM4, 900.

Accounts receivable at 31 December after bad debts written off Use any amount between RM80, 000 and RM85, 000.

Percentage allowance for doubtful debts5.

Year3 Bad debts written off years to 31 December Use any amount between RM1, 000 and RM2, 500.

Accounts receivable at 31 December after bad debts written off Use any amount between RM65, 000 and RM75, 000.

Percentage allowance for doubtful debts2.

Year4 Bad debts written off years to 31 December Use any amount between RM2, 800 and RM5, 500.

Accounts receivable at 31 December after bad debts written off Use any amount between RM90, 000 and RM100, 000.

Percentage allowance for doubtful debts4.

Prepare the following:

(i)Bad debts accounts for each of the four years.

(ii)Provision for doubtful debts accounts for each of the four years.

(iii)The statement of financial position extracts as at 31 December Year 1, Year 2, Year 3 and Year 4.