Help with part B

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A company has determined that the length of time a receivable is outstanding is the most appropriate credit risk characteristic for determining expected credit losses. The following is an aging schedule for the company's accounts receivable as at December $31,2023$:

$\backslash$table$[[$Customer$\text{'}$s name,$\backslash$table$[[$Total amount$],[$owed$]],\backslash$table$[[$Current $($not$],[$yet due$)]],$Number of days past due$],[1-30,31-60,61-90,$Over $90],[$Aber$,$$$39,000,,$$$9,000,$$$30,000,,],[$Bohr$,39,000,$$$39,000,,,,],[$Chow$,54,000,15,000,24,000,,$$$15,000,],[$Datz$,17,000,,,,,$$$17,000],[$Others$,158,000,95,000,15,000,13,000,15,000,20,000],[$$$307,000,$$$149,000,$$$48,000,$$$43,000,$$$30,000,$$$37,000],[$Expected rate of credit loss,,$3\%,6\%,10\%,25\%,50\%],[$Expected credit losses,$$37,650,$$$4,470,$$$2,880,$$$4,300,$$$7,500,$$$18,500]]$

On December $31,2023,$ the unadjusted balance in the Allowance for Expected Credit Losses $($prior to the aging analysis$)$ was a credit of $$12,000.($b$)$

Journalize the following selected events and transactions in $2024$: $($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. List all debit

entries before credit entries.$)$

i$.$ On March $1,$ an $$800$ customer account that originated in $2024$ is judged uncollectible.

ii On September $1,$ an $$800$ cheque is received from the customer whose account was written off as uncollectible on March $1.$

Account Titles and Explanation

Debit

Credit

$2024$

$($To reinstate an account that

was previously written off$)$

$|$

$($To record recovery of account

that was previously written off$)$

eTextbook and Media

List of Accounts