Question 4 --/1 View Policies Current Attempt in Progress Sunland Company is a growing company whose ability to raise capital has not been growing as quickly as its expanding assets and sales. Sunland Company's local banker has indicated that the company cannot increase its borrowing for the foreseeable future. Sunland Company's suppliers are demanding payment for goods acquired within 30 days of the invoice date, but Sunland Company's customers are slow in paying for their purchases (60-90 days). As a result, Sunland Company has a cash flow problem. Sunland Company needs $168,700 to cover next Friday's payroll. Its balance of outstanding accounts receivable totals $722,200. To alleviate this cash crunch, the company sells $179,200 of its receivables. Record the entry that Sunland Company would make. (Assume a 2% service charge.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Question 5 View Policies Current Attempt in Progress Flint Corporation has been in business several years. At the end of the current year, the unadjusted trial balance shows: Accounts Receivable $330,500 Dr. Sales Revenue 2,222,100 Cr. Allowance for Doubtful Accounts 5,643 Cr. Bad debts are estimated to be 6% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. (Credit accour Account Titles and Explanation Debit Credit