did I do this right?

Help Tell me what you want to do Cut Copy Format Painter Calibri 11 A e Share Wiap Text General Autoum Paste BIU A . CMerge & Center Conditional Format as Cell Insert Delete Format Clipboard Formatting Table Styles Font Alignment Number Slyles Cells Editin G26 fr A D ACCOUNTING FOR UNCOLLECTIBLE ACCOUNTS Present entries in general journal form record the following for an enterprise that makes advance provisions for uncollectible receivables Record the adjusting entry at April 30th, 2019 the end of the fiscal year, to provide for bad debt expense. The accounts receivable account has a debit balance of $540,000 and the allowance account, before adjustment, has a credit balance of $2,000. The allowance account is figured using the percentage of sale method, the current rate is 1.5% of sales. Sales for the year were $1,430,000 a. b On June 15, 2018, the $860 owed by Gantt Company on account is written off as uncollectible. . On November 15, 2018, $650 of the Gantt Company account is reinstated and payment of that amount is received d Based on the data above, what is the expected net realizable value of the accounts receivable as reported on the balance sheet as of December 31, 2018? JOURNAL ENTRIES DR $ 540,000 CR Accounts 15-Jun Accounts receivable written off as uncollectible Date 2019 880 to record accounts receivable 2,000 $ provision for bad debt $ 650 15-Nov Gantt company reinstated account Notes Receivable Assets Depreci... Bank Reconciliation Uncollectible Accounts Petty Cash O Type here to search Formulas Data Review View Help OTell me what you want to do X Cut Calibri A A 11 B Copy Paste 2 Wrap Text General Format Painter C A WEE EEMerge & Center Conditional Format as Cell Formatting 00 Inse Table Styles Clipboard Font Alignment Number Styles G26 X A B D JOURNAL ENTRIES 13 Date 15-Jun Accounts receivable Accounts 14 DR CR 15 2019 $ 540,000 written off as uncollectible 16 $ 880 to record accounts receivable 17 provision for bad debt 15-Nov Gantt company reinstated account 2,000 $ $ 18 650 19 20 $ 540,000 $ 1,800 Accounts receivable 21 privision for bad debt (after adjustment) 22 $1,430,000 sales revenue 23 24 25 26 27 $ 540,000 Accounts Receivable 8 d. 1,800 $ Less Allowance for Doubtful Accounts 29 $ 1,968,200 Expected Net Realizable Value 1 Depreci Assets Notes Receivable Uncollectible Accounts Bank Reconciliation Petty Cash eady Type here to search