Jullas the following ageing schedule as at 31 De Name Account Receivables Aging Schedule 1 - 30 days 31-60 days Total (RM) 92,500 60-90 days Over 91 31,000 Total Account Receivable Estimated uncollectible 34,000 21,500 6,000 2% 3% 4% 5% Required: a) What is bad debt? b) Explain 2 reasons why debts/uncollectible? company should allocate some amount c) Calculate the total estimated bad debts for 2018. d) Show the accounting treatment for bad debt: i) Journalize the adjusting entry for bad debts on 31 December 2018 unadjusted balance for Allowance for Doubtful Debt Account is credit ii) Prepare the Allowance for Doubtful Debt Account iii) Prepare the extract of Statement of Financial Position as at 3 show the Accounts Receivables and Allowance for Doubtful marks) Jullas the following ageing schedule as at 31 De Name Account Receivables Aging Schedule 1 - 30 days 31-60 days Total (RM) 92,500 60-90 days Over 91 31,000 Total Account Receivable Estimated uncollectible 34,000 21,500 6,000 2% 3% 4% 5% Required: a) What is bad debt? b) Explain 2 reasons why debts/uncollectible? company should allocate some amount c) Calculate the total estimated bad debts for 2018. d) Show the accounting treatment for bad debt: i) Journalize the adjusting entry for bad debts on 31 December 2018 unadjusted balance for Allowance for Doubtful Debt Account is credit ii) Prepare the Allowance for Doubtful Debt Account iii) Prepare the extract of Statement of Financial Position as at 3 show the Accounts Receivables and Allowance for Doubtful marks)