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1. On January 24, 2022, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of

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1. On January 24, 2022, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4 2. On March 4, 2022, Oriole Company receives payment of $4,031 in full from Madonna Inc. Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manua Debit Credit No. Account Titles and Explanation 1. 2. (To record recovery of accounts receivable.) (To record collection of accounts receivable.)

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