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I need help completing PART C of this question. The boxes outlined in red are where I have entered the incorrect answer, those are the
I need help completing PART C of this question. The boxes outlined in red are where I have entered the incorrect answer, those are the ones I need help answering. I have completed part a & b and provided the correct answers in the screenshots below.
Accounts receivable transactions are provided below for \\( \\mathrm{J} \\) Ivanhoe Co. Dec. 31, 2023 The company estimated that \5 of its accounts receivable would become uncollectible. The balances in the Accounts Receivable account and Allowance for Doubtful Accounts were \\( \\$ 688,000 \\) and \\( \\$ 2,800 \\) (debit), respectively. Mar. 5,2024 The company determined that R. Mirza's \\( \\$ 3,200 \\) account and D. Wight's \\( \\$ 7,000 \\) account were uncollectible. The company's accounts receivable were \\( \\$ 726,400 \\) before the accounts were written off. June 6, 2024 Wight paid the amount that had been written off on March 5. The company's accounts receivable were \\( \\$ 677,800 \\) prior to recording the cash receipt for Wight. Prepare the journal entries on December 31,2023, March 5, 2024, and June 6,2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Your answer is correct. Post the journal entries to Allowance for Doubtful Accounts and calculate the new balance after each entry. Calculate the carrying amount of the accounts receivable both before and after recording the cash receipt from Wight on June 6 , 2024. Carrying amount before recovery \\( \\$ \\) Carrying amount after recovery \\( \\$ \\)Step by Step Solution
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