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eu ill (V) IS UIT relevant for and not for (a). Blanks #5 - #6 relate to question (b). a) Prepare the journal entries for

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eu ill (V) IS UIT relevant for and not for (a). Blanks #5 - #6 relate to question (b). a) Prepare the journal entries for the following transactions: T1. On October 1, one of Aloah Medical Care's customer's, Fit4Life Ltd. agreed to sign a 60-day 5% note receivable to replace the $1,500 accounts receivable due on that day. T2. On October 31, the company decided to write off as uncollectible $1,400 account receivable from Rainbow Clinic Ltd. and $900 accounts receivable from DenaMed Inc. Blank #1: What account needs to be credited for transaction T1? Blank #2: What account needs to be debited for transaction T2? Blank #3: What is the balance on Aloah Medical Care's Accounts Receivable account on October 31, 2019 after accounting for transactions T1 and T2? Blank #4: What is the carrying amount of Aloah Medical Care's Accounts Receivable on October 31, 2019 after accounting for transactions T1 and T2? Disregard the information in (a). Adjust the Allowance for Doubtful Accounts based on the aging of receivables method. The table below provides the relevant age of accounts per October 31. Days outstanding: Age of Accounts 0 - 30 days $170 n 31 - 60 days $45.000 61 - 90 days $22,000 Over 90 days $18,000 nutrtanding amounts

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