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At the end of 2023, Bridgeport Corp. has accounts recelvable of $215m ilion and an allawance for expected credit losses of $138,000, On January 16,

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At the end of 2023, Bridgeport Corp. has accounts recelvable of $215m ilion and an allawance for expected credit losses of $138,000, On January 16, 2024, Bridgeport determined that its $29,700 recelvable from Ivanhoe Company will not be collected and maragement has authorized its write off On January 31, 2024, Bridgeport recelved notification that the company will receive \$0 15 for every $1.00 of accounts receivable relating to Pharoah Company The company had previously written off 100% wil of the armount due from Pharoah ($69,500). Prepare the journal entry for Biddeport to write -off the Ivanhje receivable and any journal tntry needed to reflect the notice regarding Pharoah. (Credit occount titles are dutamatically indented when the amount s entered. Do pot indent manualy if no eniry is required seiect "Wo Entry" for the occount titles and enter O oror the amounti. biat all debit entries before credit ertrini) Ivarhoe Company accounts receivabie write-off: What is the estimated net realizable value of Bridgeport's acccunts recelvabie before and after the entries above? What is the book value of Brid seport's accounts recelvable before and after the entries above

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