At the end of 2020, Bridgeport Corp. has accounts receivable of $2.15 million and an allowance for doubtful accounts of $138,000. On January 16, 2021, Bridgeport determined that its $23,700 receivable from Ivanhoe Company will not be collected, and management has authorized its write off. On January 31, 2021, Bridgeport received notification that the company will be receiving $0.15 for every $1.00 of accounts receivable relating to Pharoah Company The company had previously written off 100% of the amount due from Pharoah ($69,500). Prepare the journal entry for Bridgeport Corp. to write off the Ivanhoe receivable and any journal entry necessary to reflect the notice regarding Pharoah Company (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 O for the amounts.) To write off the Ivanhoe accounts: Account Titles and Explanation Debit Credit Pharoah Company reinstatement of partial accounts receivable for amounts previously written off and now determined to be collectible: Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts What is the estimated net realizable value of Bridgeport's accounts receivable before and after the entries above? What is the book value of Bridgeport's accounts receivable before and after the entries above?