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Ch(3) : Accounting for Receivable75Exercise(3-1):On Jan 5, 2020, Nass Company made credit sales of BD90,000. The company wrote off BD4,500 of uncollectible accounts receivablein Jan31, 2020.Required:Preparethe necessary journal entries.Exercise(3-2):On August 31, 2020the book of Ahlam Trading shows a balance of BD65,000 for Accounts Receivable. On October 15, 2020one of the accounts Noor Company could not pay BD1,600and the company wrote off her balance to be uncollectible. On November 23, 2020,Noor Company made some profit and paid the amount due.Required:Preparethe necessary journal entries.Exercise(3-3):On January 31, 2020the books of Rashid Trading shows a balance of BD36,400 for Accounts Receivable. On April 16, 2020one of the accounts (Bader Trading) could not pay his balance of BD1,100. On July 21, 2020Bader Trading made some profit and paid BD350.Required:Preparethe necessary journal entries.Exercises