ng June 2021, Andy Company had the following transactions: 19 1. Sales of $185,000 ($ 142,000 on account, $43,000 for cash); COGS for the sales equaled $84,500 2. Collections on account, $128,000. 3. Write-offs of uncollectible receivables, $1,900. 4. Recovery of receivable previously written off, $600. Andy uses the allowance method for uncollectibles. Andy estimates that 4.50% of its accounts receivable will be uncollectible. On June 1, 2021, the A/R balance was $25,000 and the Allowance for Bad Debts had a normal account balance of $1,125. Required: a. Prepare J/E for the June 2021 transactions. Because the transactions represent a summary of events, use June 30 for all dates. 2 pts per entry b. Prepare the June 30, 2021 adjusting journal entry required for bad debt. 3 pts C. What is the net realizable value of A/R on June 30, 2021 (after the adjusting J/E has been posted)? 2 pts Show computations and label your work. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)