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The October 1, 2019, records of Aloah Medical Care include the debit balance of Accounts Receivable, $255,000 and the credit balance of Allowance for Doubtful

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The October 1, 2019, records of Aloah Medical Care include the debit balance of Accounts Receivable, $255,000 and the credit balance of Allowance for Doubtful Accounts, $3,400. The company's business year ends on Oct. 31, 2019. Instructions: The information above is relevant to question (a) and (b). The information provided in (a) is only relevant for (a) and not for (b). Blanks #1 - M4 relate to question (a). The information provided in (b) is only relevant for (b) and not for (a) 5-6 relate to question (b). (a) Prepare the journal entries for the following transactions: 11. On October 1, one obloah Medical Care's customer's, Fit4Life Ltd. agreed to sign a 60 day 5% note receivable to replace the $1,500 accounts receivable due on that day. T2. On October 31, the company decided to write off as uncollectible $1,400 account receivable from Rainbow Clinic Ltd. and $900 accounts receivable from Dena Med Inc. Blank 1: What account needs to be credited for transaction 11? Blank 2: What account needs to be debited for transaction T2? Bank 13: What is the balance on Alosh Medical Care's Accounts Receivable account on October 31 2019 after accounting for transactions T1 and T2? Blank : What is the carrying amount of Alosh Medical Care's Accounts Receivable on October 31, 2019 after accounting for transactions T1 and T2? b) Disregard the information in (a). Adjust the Allowance for Doubtful Accounts based on the aging of receivables method. The table below provides the relevantage of accounts per October 31 Age of Accounts 0-30 days $170,000 Outstanding amounts: 31 -60 days $45,000 61 - 90 days $22.000 Over 90 days $18,000

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