Blue Spruce Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records: April 30 Bank Reconciliation Balance per bank $7,180 Add: Deposits in transit 1,560 Deduct: Outstanding cheques (2,600 ) Balance per books $6,140 Month of May Results Per Bank Per Books Balance on May 31 $8,880 $9,650 May deposits 4,670 6,000 May cheques 4,240 3,070 May note collected (not included in May deposits) 1,065 May bank service charge 40 May NSF cheque from a customer, returned by the bank (recorded by the bank as a charge) 335 Determine the amount of deposits in transit and outstanding cheques at May 31. Keeping in mind the time lag between deposits and cheques being recorded in the books and when they are recorded by the bank. Deposits in transit, May 31 $ Outstanding cheques, May 31 $At the end of 2020, Ayayai Corp. has accounts receivable of $2.90 million and an allowance for doubtful accounts of $115,000. On January 16, 2021, Ayayai determined that its $22,400 receivable from Blossom Company will not be collected, and management has authorized its write off. On January 31, 2021, Ayayai received notification that the company will be receiving $0.15 for every $1.00 of accounts receivable relating to Sunland Company The company had previously written off 100% of the amount due from Sunland ($60,500). (a) Prepare the journal entry for Ayayai Corp. to write off the Blossom receivable and any journal entry necessary to reflect the notice regarding Sunland Company (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) To write off the Blossom accounts: Account Titles and Explanation Debit Credit Sunland Company reinstatement of partial accounts receivable for amounts previously written off and now determined to be collectible: Account Titles and Explanation Debit Credit