Question: Prepare journey entry and net realized value 3. Below are the subledger accounts receivable for Emilio Company: Anthony $ 7,200 Malaya 9,700 Mekhi 18,200 Omari

Prepare journey entry and net realized value

Prepare journey entry and net realized value 3. Below are the subledger

3. Below are the subledger accounts receivable for Emilio Company: Anthony $ 7,200 Malaya 9,700 Mekhi 18,200 Omari 37,000 Kaytana 900 Total $73,000 There is no balance in the Allowance for Doubtful accounts. Instructions a. Prepare the appropriate journal entries given the following transactions: i. the controller would like you the write off the following accounts as uncollectible: Anthony 7,200 Mekhi. 18,200 Kaytana 900 ii. received payment from Malaya for $2,600 iii. collected $7,200 from the Anthony account iv. write off the balance in the Malaya account v. collected $18,000 from Mekhi, the remainder will not be collectible vi. the controller estimates that 2% of the total accounts receivable balance will be uncollectible b. What is the net realizable value of the accounts receivable after all adjustments? Date Account Titles and Explanation PR Debit Credit

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