2. The information listed below was abstracted from the records of the Emily Berhad: RM Accounts reccivable at 31 December 2021 1,180,000 36,000 Debit balance in Allowance for doubtful accounts before...

Extracted text: 2. The information listed below was abstracted from the records of the Emily Berhad: RM Accounts reccivable at 31 December 2021 1,180,000 36,000 Debit balance in Allowance for doubtful accounts before adjustment at 31 December 2021 Sales during the ycar 2021 Sales discounts during the year 2021 Sales return and allowances during the year 2021 4,360,000 36,000 54,000 Required: Prepare the adjusting entry for bad debts expense under each of the following independent assumptions. Show all your workings. (a) 6 percent of outstanding accounts receivable are uncollectible. (b) 3 percent of 2021 net sales are uncollectible. (c) An aging schedule of the accounts shows that RM42,800 of the accounts are uncollectible.