8. (12 points) On December 31, the Artemis, Inc. general ledger contained the following) balances prior to write-offs and adjustments: Trade Accounts Receivable Allowance for Doubtful Accounts sy $624,550 we 9T bns 9d 15,800 (credit) 22,529,000 Net Credit Sales Before completing an aging analysis to determine the estimated amount uncollectible, Jacob decided to write-off $7,500 of an account past due over 360 days. 21203 Isus bermont afte Aging of the accounts receivable balance after the write-off on December 31 indicated the following: 200 000,025 Estimated 01 21200 besmited 169y to bng 919lqmo 0012 000 Percentage 000,000 $2 Age Amount Uncollectible 000,000,82 000.0052 000,002 28dillia 2009/10 ries Under 30 days $360,000 1.5% is asos bo 30-90 days 134,000 3.0 stumo at6Y 92019 M of ste H*.bortem nojs 91-180 days 96,000 7.0 181-360 days 22,700 20.0 Over 360 days 4,350 60.0 $617,050 Required: a. b. C. Prepare the necessary journal entry to record the write-off. Prepare the adjusting journal entry at December 31 to record Jacob, Inc.'s estimated bad debts assuming that the company uses the aging of accounts receivable method. What is the net realizable value of accounts receivable on the December 31 balance sheet?