The bookkeeper of VItal Inc. has asked you to assist him with the preparation of information about the company's accounts recelvable

for presentation in the statement of financlal position at December $31,2024,$ the end of the company's fiscal year. The following detalls

have been extracted from the company's files:

Accounts recelvable, January $1,2824$

Debit

Credit

Allowance for doubtful accounts, January $1,2924$

$$25,069$

Sales for $2024$ totalled $$1,300,000$; $$300,000$ were in cash and the rest on account. The company collected $$1,100,000$ from credit

customers during $2024$ and wrote off $$30,000$ of accounts recelvable as uncollectible.

Required:

Determine the balance of accounts recelvable at December $31,2024.$

Vital estimates that $6$ percent of the ending balance of its accounts recelvable may not be collected in the future. Prepare the

journal entrles to record the write$-$off of accounts recelvable and the bad debt expense for $2024.($If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

Record the write$-$off of accounts receivable as uncollectible

Note: Enter debits before credits.

Show how the information related to accounts recelvable is presented on the company's statement of financlal position as at

December $31,2024.$

VITAL INC.

Partial Statement of Financial Position

As at December $31,2024$

Current assets:

Accounts receivable

Need help with $2.$ and $3.$