some help is needed. answer will be greatly reviewed.

4. Ch. 7: Uncollectible Accounts Expense and Net Realizable Value: West Auto Supply began operations on January 1 , Year 1 . The following events occurred during its first year of operations: a. Provided $50,000 of repair services on account. b. Collected $38,000 cash from accounts receivable. c. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 2 percent of the service revenue on account. a. Journalize the transactions for Year 1. b. What is the net realizable value of accounts receivable