The following information was extracted from the accounting records at 30 June 2020: Sales Sales returns and allowances Cash collected Debts to be written off $600,000 57 500 219 000 7 235 Required Assume that Centenary Ceramics uses the direct write-off method of accounting for bad debts: 7. Show the general journal entry required to write-off the bad debts. 2. What amount would be shown for bad debts expense in the income statement at 30 June 2020? 3. What amount would be shown for accounts receivable in the balance sheet at 30 June 2020