I need help with this question, please help. A and B included thank you

BE7.8 During Its first year of operations, Wendy Ltd had credit sales of $3 million, of which $600 ooo remained uncollected at year-end. The credit manager estimates that $40 ooo of these recelvables will become uncollectable a. Prepare the Journal entry to record the estimated uncollectables. (Assume the allowance account has an unadjusted balance of nil.) b. Prepare the current assets section of the statement of financial position for Wendy Ltd, assuming that In addition to the recelvables It has cash of $9o ooo, Inventory of $130 ooo, and prepald expenses of $13 oo0