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> Question 1 10 pts Recording Actual Bad Debts On August 10, 2020, Alice Company determined that N.O. Money's $4,400 account receivable was uncollectible. On
> Question 1 10 pts Recording Actual Bad Debts On August 10, 2020, Alice Company determined that N.O. Money's $4,400 account receivable was uncollectible. On November 11, 2020, the $4,400 cash was unexpectedly recovered on account from N.O.Money. Required: 1. Give the general journal entries necessary to record the August 10 and November 11 transactions for Alice Company assuming Alice uses the direct-write off method of accounting for bad debts on the attached workpaper #1. 2. Give the general journal entries necessary to record the August 10 and November 11 transactions for Alice Company assuming Alice uses the allowance method of accounting for bad debts on the attached workpaper #1. 10 Exam 3 Workpaper #1.pdf 10 Exam 3 Workpaper #1.xlsx Minimize File Preview Recprding Actual Bad Debts GENERAL JOURNAL Date Account Titles Direct Write-Off Method DR CR . 0 1 2 3 4 5 L6 17 18 Allowance Method 19 20 21 22 23 24 25 26 Question 2 1.5 pts Under the allowance method in Question 1, if the cash realizable value of the accounts receivable of Alice Company is $112.000 before the August 10 write-off, what is the cash realizable value of accounts receivable after the August 10 write-off
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