part a is complete need part B

(b) Prepare the current assets section of the balance sheet for Pharoah Company, assuming that in addition to the recevables it has cash of $85,350, merchandise inventory of $189,550, and supplies of $12,900. (List current assets in order of liquidity) Pharoah Company Balance Sheet(partial) Brief Exercise 8-10 (Part Level Submission) During its first year of operations, Pharoah Company had credit sales of $2,751,000, of which $366,200 remained uncollected at year-end. The credit manager estimates that $19,200 of these receivables will become uncollectible (a) 32 Your answer is correct. Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account miles are automatically indented when amount is entered. Do not indent manually.) Account Tities and Explanation Debit Credit ty Bad Debt Expense 19200 Allowance for Doubtful Accounts 19200