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: 1. Prepare the 2023 journal entry to record bad debt expense, using the aging of receivables method: Total A/R Balance $ 650,000 Estimated Uncollectible 1-30 Days $ 350,000 0.5% Date 2. Calculate the net realizable value of Accounts Recievable at 06/30/23: 31-60 Days $ 200,000 5.0% Account Name $ 650,000 $ 10,000 61-90 Days $ 80,000 6.0% 600,51 Journal Entries Over 90 Days $ 20,000 60.0% Debit Credit 40

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 $650,000 10,000 Instructions: 1. Prepare the 2023 journal entry to record bad debt expense, using the aging of recelvables method: 2. Calculate the net realizable value of Accounts Recievable at 06/30/23