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XYZ Ltd. Sold $24,000 worth of goods to a customer on credit. A week later, the 14 marks customer returned $1,360 worth of goods. Ten

XYZ Ltd. Sold $24,000 worth of goods to a customer on credit. A week later, the 14 marks customer returned $1,360 worth of goods. Ten days later, the customer paid 75% of the outstanding balance as of that day. Subsequently, the customer went bankrupt and XYZ Ltd. Could not collect the ramaining amount and so had to write-off Please prepare all necessary journal entries to record the transactions

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