BE9-3 During its first year of operations, Parot Company had credit sales of $3,000,000; $600,000 remained uncollected at year-end. The credit manager estimates that $35,000 of these receivables will become uncollectible. (a) Prepare the journal entry to record the estimated uncollectibles. (b) Prepare the current assets section of the balance sheet for Parot Company. Assume that in addition to the receivables it has cash of $90,000, inventory of $130,000, and prepaid insur- ance of $7,500 BE9-4 At the end of 2012, Henderson Co. has accounts receivable of $700,000 and an allow- ance for doubtful accounts of $54,000. On January 24, 2013, the company learns that its receiv- able from Jaime Lynn is not collectible, and management authorizes a write-off of $5,400. (a) Prepare the journal entry to record the write-off. (b) What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off