Salalah company’s recent financial statements showed the following information.   Net Sales 250,000 OMR Accounts Receivables 180,000 OMR   The management made two estimates for the uncollectible receivables It can be 4.5 % of net sales or It can be 3.2 % of accounts receivables   Calculate and record journal entries in each case.   If the company had already recognized an allowance amount of 8,000 OMR, make the journal entry. In this question, make the solution only for net sales case

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A: The answer is as fallows

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