RCEN NEXT Exercise 7-8 At the end of 2017, Cheyenne Corp. has accounts receivable of $1 million and an allowance for doubtful accounts of $40,000. On January 16, 2018 Cherrieden $13,000 receivable from Oriole Company will not be collected, and management has authorized its write. Os ry 31, 2018. Cheverne received on that the company will be receiving $0.20 for every $1.00 of accounts receivable relating to Ivanhoe Company the company had previously written off 100% anuntur, Prepare the journal entry for Cheyenne Corp. to write of the Oriole receivable and an Journal entry necessary to reflect the notice regarding Ivanhoe Cungan di are automatically indented when amount is entered. Do not indent manually. If no entry is required, led "No Entry for the account deler for amount To write off the Oriole accounts: Account Titles and Explanation Debit Credit Ivanhoe Company reinstatement of partial accounts receivable for amounts previously written off and now determined to be collectibles Debit Credit Account Titles and Explanation What is the estimated net realizable value of Cheyenne's accounts receivable before and after the entries above? What is the book value of Cheyenne's toits roulable before and ter the entries above? 5367 NG