Question #4) 3 Marks Prepare the journal entries needed for the following transactions. Be sure to show all work. A) Feb 2, 2020 - The Accounts Receivable Department at the company has been unable to get a hold of Mr. Welch. He appears to have changed phone numbers, mailing address, and no one can seem to track him down. He has an outstanding balance of $11,000. B) July 5, 2020-Your Accounts Receivable Department received a tip about Mr. Welch's location. They find him and confront him regarding his outstanding balance. Mr. Welch begrudgingly acknowledges that he still owes the money, but only has $2,000 in funds. You agree to accept the $2,000 payment and will not pursue the remaining $9,000. Question #5) 2 Marks In October, you were hired as the new bookkeeper for a local business. The previous bookkeeper unexpectly quit at the end of September. When performing your first bank reconciliation for the month ended September, you noticed that you couldn't get everything to balance. The issue seems to be a couple of cheques that cleared the bank account for $10,000 but don't have a corresponding ledger entry. Provide an explanation of what likely occurred and what actions you'd take.