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The Widget Company had total sales of $300,000 for the past fiscal year. Accounts Receivable amounted to $250,000 of total sales. The Widget Company received $225,000 in payment on account. The firm estimates that 2% of bills will not be paid. Please make the debit and credit entry to record the amount of money the firm expects not to collect. What is the amount of Net realizable Accounts Receivable for this firm? XYZebra Company owed us $500 and was found to be in bankruptcy. Please write off their account for their amount owed. XYZebra sent us a memo stating they would pay us $300 in two weeks. Please record their sending of the memorandum. XYZebra sent us a check for $200. Please record the receipt of the check