Question: im having trouble figuring out requirement 3. Data table Requirement 3. Show how FrT's receivables and the related allowance wil appear an the December 31,



Data table Requirement 3. Show how FrT's receivables and the related allowance wil appear an the December 31, 2022, balante sheot The net realizable value of PTR's receivabies at December 31,2021 is milion provided to you in the problem statement.) a. Estimated doublful account expense of $45 million, based on the percent-of-sales method, all daring the year. acoount Show its unacfusted balance at December 31, 2022. Bogin by proparing the joumal antry. Now prepare the T-account for Allowance for Doubtfui Acoounts and post to this account Show its unacfusted balance at December 31,2022 c. On December 31,2022 , an aging-of-receivabies, indicates that $42 millon of the total recaivables of $380 milico is uncollectitie at yeat-end. Record doudtul-abeeunt expense at Oecamber 31 , Poot this amount to Alowance for Douttui Accounts, and show its adjusted batance at December 31,2022 Begin by preparing the journal entry
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