Q3B(a) Prepare the journal entries for the above transactions in the book of Bahtera KlasikBhd for the month of January 2021.(b) Discuss how bad debts are accounted for under the direct write-off method. (c) Explain ONE (1) advantage of the allowance method over the direct write-offmethod to account for bad debts. В.The balances extracted from the Statement of Financial Position of Bahtera Klasik Bhdas of 31 December 2020 are as follows:RMAccounts receivable1,200,000Allowance for doubtful debts(10,000)1,190,000The following transactions are related to the purchases and sales for Bahtera Klasik Bhdfor the month of January 2021. The company records the sale and purchase transactionsusing gross method and periodic inventory system.1 JanAssigned RM48,500 of accounts receivable to Amanah Bank Bhd, assecurity for a loan of RM40,000. A commission (finance charge) of 6% onthe face amount of the loan was charged, and the note bears interest of 9%per year.2 JanReceived RM45,000 from customers on account.Sold goods to Putra Bhd amounted to RM95,500 on credit with term 2/10,n/30.3 Jan 5 JanGranted Putra Bhd RM1,000 credit for goods returned.12 JanPutra Bhd paid half of the gross sales amount on 3 January's transaction.15 JanLukman Sdn Bhd, whose account has been written off in early 2019 paidRM10,000 for the total amount owed.31 JanCollected RM150,000 cash sales for the month of January 2021.Collected RM48,500 of accounts receivable assigned less discount ofRM1,500 and remitted it to Amanah Bank Bhd, along with one month'sinterest.31 Jan31 JanBahtera Klasik Bhd issued a 90-day, 15% RM55,000 note receivable.

Name: Q3B(a) Prepare the journal entries for the above transactions in the b
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Description: Q3B(a) Prepare the journal entries for the above transactions in the book of Bahtera KlasikBhd for the month of January 2021.(b) Discuss how bad debts are accounted for under the direct write-off method. (c) Explain ONE (1) advantage of the allowance