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  3. ahmed provides you with following business transac

Ahmed provides you with following business transactions: A- if a business sells products for...

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Accounting

Ahmed provides you with following business transactions:

A- if a business sells products for $ 160,000 on credit. B- 25% of the balance is recived cash and 10% by cheque. C- 5% of the balance has become irrecoverable and written off. D- a provision of 5% is made for the remaining balance, in year one and 3% in year two where the balance remained unchanged. required :-

pass journal entries to accommodate the above transactions.

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