The following are some data related to a commercial establishment during the year 2019: 1- Sales are 570,000, of which 240,000 are credit sales. 2- Debtors account balance as of 1/1/2019 150,000. 3- Proceeds from debtors during the period 171,000 4- Debtors balance as of 31/12/2019 180,000 5- The balance of the allowance account for doubtful debts 1/1/2019 amounting to 6,000 riyals.

Requirement No. 1: Calculate the amount of bad debts during the period.

Requirement No. 2: Make the necessary journal entries to amend the allowance for doubtful debts under each of the following assumptions (taking into account the restrictions of reducing the provision and debtors by the amount of bad debts) A- Estimating doubtful debts at 5% of deferred sales B- Estimating doubtful debts at 6% of debtors balance. C- Estimating the allowance for doubtful debts on the basis of analyzing debts according to their ages, as follows: 1- Debts of 1-30 days old (90,000) at a rate of 3% 2- Debt 31-60 days (60,000) at a rate of 5% 3- Debts of more than ninety days (30,000) at a rate of 25%

Requirement No. 3: Creating accounts receivable, bad debts expense and doubtful debts provision.