Customer Sam Meeker owed DEF Company $1,700. On May 30, 2018, DEF determined this account receivable to be uncollectible and wrote off the account. The company uses the direct write-off method. On July 20, 2018, DEF received a check for $1,700 from the customer. How should the entry for the recovery of this receivable on July 20, 2018 be recorded? A. Debit Accounts Receivable; Credit Bad Debts Expense B. Debit Cash; Credit Bad Debts Expense C. Debit Cash; Credit Accounts Receivable D. Debit Accounts Receivable; Credit Cash Kahl Company purchased a building and land with a fair market value of $400,000 (building, $250,000 and land, $150,000) or January 1, 2024. Kahl signed a 15-year, 5% mortgage payable. Kahl will make monthly payments of $3,163.17. Round to two decimal places. Explanations are not required for journal entries Read the requirements Requirement 1. Journalize the mortgage payable issuance on January 1, 2024. (Record debits first, then credits. Exclude explanations from any joumal entries.) Date Accounts 2024 Debit Credit Jan 1 Building Land Mortgage Payable 250,000.00 150,000.00 400,000.00 uc Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to the nearest cent) Beginning Principal Interest Total Ending Balance Payment Expense Payment Balance 1/1/2024 $ 400,000.00 1/31/2024 $400.00000 1.496 51 1.666,66 5 3,163.17 2/28/2024 3.163.17 6.92 1/1) Requirements - X 1. Journalize the mortgage payable issuance on January 1, 2024 2. Prepare an amortization schedule for the first two payments. 3. Journalize the first payment on January 31, 2024 4. Journalize the second payment on February 28, 2024 Enter any nur E Get More 905) is b. Spyright