What is the carrying amount of the receivables on $(1)$ December $31,2023$; $(2)$ May $11,2024$; and $(3)$ November $12,2024,$On December $31,2023,$ when its accounts receivable were $$348,000$ and its Allowance for Expected Credit Losses had an unadjusted

debit balance of $$2,300,$ Covington Corp. estimated that $$19,500$ of its accounts receivable account would become uncollectible, and

it recorded the credit losses adjusting entry. On May $11,2024,$ Covington determined that Fei Ya Cheng's account was uncollectible

and wrote off $$2,200.$ On November $12,2024,$ Cheng paid the amount previously written off.

$($a$)$

Your answer is partially correct.

Prepare the required journal entries to record each of the above transactions. $($List all debit entries before credit entries. Credit

account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts. Record entries in the order displayed in the problem statement.$)$

$($b$)$

Your answer is incorrect.

What is the carrying amount of the receivables on $(1)$ December $31,2023$; $(2)$ May $11,2024$; and $(3)$ November $12,2024,$

assuming that the total amount of accounts receivable of $$348,000$ is unchanged on each of these three dates except for any

changes recorded in part $($a$)?$

Carrying amount

December $31,2023$$

May $11,2024$$

November $12,2024$ $On December $31.2023,$ when its accounts receivable were $$348,000$ and its Allowance for Expected Credit Losses had an unadjusted

debit balance of $$2\mathrm{.}300,$ Covington Corp. estimated that $$19,500$ of its accounts receivable account would become uncollectible, and

it recorded the credit losses adjusting entry. On May $11,2024,$ Covington determined that Fei Ya Cheng's account was uncollectible

and wrote off $$2,200.$ On November $12,2024,$ Cheng paid the amount previously written off.

$($a$)$

Your answer is partially correct.

Prepare the required journal entries to record each of the above transactions. $($List all debit entries before credit entries. Credit

account titles are dutamatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the

account tilles and enter $0$ for the amounts. Record entries in the order disployed in the problem stotement.$)$

$2023$

$2024$

$($b$)$

Your answer is incorrect.

What is the carrying amount of the receivables on $(1)$ December $31,2023$; $(2)$ May $11,2024$; and $(3)$ November $12,2024.$

assuming that the total amount of accounts receivable of $$348,000$ is unchanged on each of these three dates except for any

changes recorded in part $($a$)?$

assuming that the total amount of accounts receivable of $$348,000$ is unchanged on each of these three dates except for

changes recorded in part $($a$)?$

Carrying amount

December $31,2023$ $

May $11,2024$

$

November $12,2024$