QUESTION 44 Not yet answered On January 10, Ajax Corporation's trial balance included the following accounts: Debit Credit Accounts Receivable.. 220,000 Allowance for Doubtful Accounts. $7,200 Points out of 3.00 Flag question On January 11, Henry Khan, a major customer, declares bankruptcy and thus, Ajax determines that a receivable from Khan in the amount of $3,400 is worthless. (a) Prepare the journal entry that Ajax should record to write-off the account receivable from Henry Khan on January 11. (b) Compute the net realizable value of Ajax's accounts receivable on: (1) January 10 (before write-off of Khan's account) (2) January 11 (immediately after write-off of Khan's account)