Are my T-Tables corrrect?

• is 7000K correct begining balance for accounts receivable?

Analysis of accounts receivable and allowance for bad debtsdetermine ending balances A portion of the current assets section of the December 31, 2019', balance sheet for Gibbs Co. presented here: The company's accounting records revealed the following information for the year ended December 31, 202E}: Required: Calculate the net realizable value of accounts receivable at December 31, 202i], and prepare the appropriate balance sheet presentation for Gibbs Co. as of that point in time. (Hint: Use T-accounts to analyze the Accounts Receivable and Allowance for Bad Debts accounts.) GIBBS CO. For Period Ended December 31, 2019 Balance Statement (Allowance Method) Assets Debit Credit Not Finished..prolly has errors Accounts Receivabl 230000 (Less) Allowance for bad debts $ (7,000) Net Accounts Re 223000 Accounts Receivable Note: 12/31/19 balance $ 230,000 Cash collections $ 2,375,000 Dec.31,2019 balance: $2,375,000+$30,000-2600000+425,000= Sales on account $ 2,600,000 Accounts wOff 30,000 230000 12/31/20 balance un 425,000 Allowance for Bad Debts Note: Bad debt write-off Begining Balance $ 7,000 Dec.31,2019 balance: $18,000+$30,000-41000= (through year) S 30,000 Bad debt Exp 41,000 7000 Ending balance 18,000 Note: At Dec 31.2019 Accounts receivable were: 230,000 (Less) Allowance for Bad Debts: 7,000 S 223,000