Question 2 (20 marks) Record entries for the following transactions for UTF-8 Corp. UTF-8 Corp. maintains an Allowance for Uncollectible Accounts. a. Sold merchandise on account to Java Lid., $1,800. b. Sold merchandise on account to Centera, $759. c. Wrote off both the Java Ltd. and the Centera accounts. d. Centera unexpectedly paid off his account in full. Prepare the general journal entries, in chronological order. Include a brief description of the probable nature of each transaction. Debit Credit ja) b) c) Debit Credit a) b) d) Identify and briefly describe four ways to improve cash flows from sales and receivables