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answer both questions Question 10 The following information is related to December 31, 2021 balances. Accounts receivable $3100000 Allowance for doubtful accounts (credit) (295000) Cash

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Question 10 The following information is related to December 31, 2021 balances. Accounts receivable $3100000 Allowance for doubtful accounts (credit) (295000) Cash realizable value $2840000 During 2022 sales on account were $859000 and collections on account were $524000. Also during 2022 the company wrote off $48000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $320000. The change in the cash realizable value from the balance at 12/31/21 to 12/31/22 was a $275000 increase $227000 increase $329000 increase $281000 Increase Question 11 West County Bank agrees to lend Carla Vista Co. $456000 on January 1. Carla Vista Co. signs a $456000, 6%, 6-month note. What entry will Carla Vista Co. make to pay off the note and interest at maturity assuming that interest has been accrued to June 307 469680 469680 O Notes Payable Cash Notes Payable Interest Payable Cash Interest Expense Notes Payable 456000 13680 469680 13680 456000 Cash 469680 Interest Payable Notes Payable Interest Expense Cach 6840 456000 6840 469680

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