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Question Seven (8 Marks) Germany Limited's general ledger reports a balance in Accounts Receivable of...

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Question Seven (8 Marks) Germany Limited's general ledger reports a balance in Accounts Receivable of $720,000 at the end of December (a) Assuming that Allowance for Doubtful Accounts has a credit balance of $8,800 and that uncollectible accounts are determined to be $72,000 by aging the accounts, record the adjusting entry at December 31. (b) Assuming the same information as in part a except that the Allowance for Doubtful Accounts has a debit balance of $4,800, record the adjusting entry at December 31

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