question 1

question 2

Record the following transactions on the books of Sunland Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) On July 1, Sunland Co. sold merchandise on account to Waegelein Inc. for $18,000, terms 2/10, 1/30. On July 8, Waegelein Inc returned merchandise worth $4.400 to Sunland Co. On July 11, Waegelein Inc, paid for the merchandise. b. Account Titles and Explanation Debit Credit b. C At the end of 2020, Blossom Co. has accounts receivable of $753,000 and an allowance for doubtful accounts of $64,300. On January 24, 2021, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write- off of $6,800 Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts What is the cash realizable value of the accounts receivable before the write-off and after the write-off? e Textbook and Media List of Accounts What is the cash realizable value of the accounts receivable before the write-off and after the write-off? Before Write-Off After Write-Off Cash realizable value $ $ eTextbook and Media List of Accounts