show the accounts receivable section of the statement of financial position at december $312024$:

Carla Vista Equipment Sales Company. Which sells on had a $140,000 balance in its Accounts Receivable and a $5,400 balance in its Allowance for Expected Credit Losses on December 31.2023. During 2024. the company's sales Of equipment Were 3822.000. and its total cash collections from customers Were During year, the Customers With accounts totalling $6,600 that woo ld be unable to and Wrote these receivables Off However. Of these Customers subsequently made a payment of SBBO (Note that this amount is not included in the cash collections above.) At the end Of 2024. management grouped its receivables based on credit risk and estimated the expected rate Of credit losses for each group. Based on this. managetnent determined that the total expected credit losses would be 37,900. Your answer is correct Prepare the journal entries to record all Of the 2024 including the for credit losses at year end. Credit are automatically When is DO irOnt If no is "F" Entry enter O List e it credit m tries.) Account Tides and Explanation Aounts (To record sales) Aounts (To record cash collected from customers) fM Exgted Aounts (To write off accounts receivable) Aounts Alma n ce fM (To n2instate an account that were previously written off) Aounts (To record recovery of account that were previously written off) Alma n fM (To recognize the credit losses) eTextbook and Media List of Accounts Your answer is partially Correct. Debit Credit Assistance used Attempts: 2 Of 3 used Show how the accounts receivable section Of the Statement Of financial position at December 31.2024. woo ld be presented. Carla Vista Equipment Sales Company Statements Of Financial Position (Partial) Aounts Accounts Receivable. Net 956280 133co 9 <2980