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Please answer the following questions using the provided information. The following information pertains to Get It Right Company BEFORE ANY YEAR-END ADJUSTMENTS: Accounts Receivable, debit
Please answer the following questions using the provided information.
The following information pertains to Get It Right Company BEFORE ANY YEAR-END ADJUSTMENTS: Accounts Receivable, debit balance as Of 06/30/23 Allowance For Bad Debts, credit balance as Of 06/30/23 Instructions: 650,000 10,000 I. Prepare the 2023 journal entry to record bad debt expense, using the aging Of receivables method: Total A/R Balance s 650,000 Estimated Uncollectible 1-30 Days s 350,000 31-60 Days $ 200,000 61-90 Days 80,000 Over 90 Days 20,000 60.0% 2. Calculate the net realizable value Of Accounts Recievable at 06/30/23:
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