Problem #2: Using the Accounting Equation, account for the following transactions: Part A) (6 pts) A) X Corp sells $400,000 worth of services on account to various customers B) X Corp collects $250,000 from customers on account C) X Corp writes-off Customer D because they are unable to collect the accounts receivable; Customer D owes $2,000 (X Corp uses the Direct Write-Off Method) Part B) (4 pts) 1) State at least 2 reasons FOR and 2 reasons AGAINST selling on account