1) Calculate the net realizable value of Kyrie Magic Products accounts receivable before and after the write-off entry. (1 point)

Part #3: Kyrie Magic Products (4 points) a. On December 31, 2017, the accountant for Kyrie Magic Products determined that accounts receivable contained customer accounts with total balances of $61,500 that were uncollectible Prepare the general journal entry to properly write-off the account as a bad debt under the allowance method. (2 points) DATE ACCOUNT NAMES DEBIT CREDI b. Post the write-off entry to the relevant T-accounts below and compute the resulting balances in Accounts Receivable Allowance for Doubtful Accounts Bad Debts Expense 12/31 5,310,000 2017 ,5 62,800 2017 2017