The spelling of "it all righting" is incorrect. The correct spelling is "it's all right" with the contraction of "it is". Phonetically, "it's" is pronounced as /ɪts/ while "all" is pronounced as /ɔːl/. "Right" is pronounced as /raɪt/ and the contraction "it's" is pronounced as /ɪts/. Therefore, the correct phonetic transcription for the phrase "it's all right" is /ɪts ɔːl raɪt/. It's important to use correct spelling and pronunciation to avoid misunderstandings.