This question has three (3) Parts Part 1 (8 Marks) Cooky Collectibles deals in antique items. All sales are conducted on a credit basis and no cash discounts are given. Ignore GST. The following information was extracted from the accounting records at 30 June 20x9. Sales $276,000 Sales returns and allowances 19,000 Cash collected 159 560 Debts to be written off 2,011 Assume that Cooky Collectibles uses the allowance method of accounting for bad debts and the Allowance for Doubtful Debts account had a credit balance of $1,323 at 1 July 20x8. Also assume that an allowance of 1% of net credit sales is required at 30 June 20x9 (ignore GST). Show the general journal entries required to write off the bad debts and to record the required allowance for doubtful debts. Date Description Debit Credit Part 1(b) (1 Mark) What amount would be shown for bad debts expense in the income statement at 30 June 20x9? Part 1(c) (3 Marks) Show how accounts receivable would be recorded in the balance sheet at 30 June 20x9? Question 4 Part 2 (4 Marks) Discuss how the Allowance for Doubtful Debts account might have a debit balance before the end-of-period adjustment is made. B / a. Question 4 Part 3 (6 Marks) The following transactions relate to the business of Fish Products. Ignore GST. Oct. 5 After a concerted effort to collect, an account receivable of $580 from M. Coff was written off as a bad debt. b. Nov. 15 M. Coff unexpectedly paid $320 of the amount of his debt written off on 5 October. Record the transactions in general journal form. B / Enter your Journal entries into the template below: Date Description Debit Credit