2 Prepare entries

On December 31,2020, Extreme Fitness has adjusted balances of $840,000 in Accounts Receivable and $63,000 in Allowance for Doubtful Accounts. On January 2.2021 , the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $14,000, Required: a. What amount would the company report as its net accounts receivable on December 31, 2020? b.Prepare the journal entry to write off the accounts on January 2, 2021. c-1. Assuming no other transactions occurred between December 31, 2020, and January 3, 2021, what amount would the company report as its net accounts receivable on January 3,2021 ? c-2. Has net accounts receivable changed from December 31, 2020 ? Complete this question by entering your answers in the tabs below. What amount would the company report as its net accounts recelvabie on December 31,2020 ? Prepare the journal entry to write off the accounts on January 2,2021 . (If no entry is required for a transaction/event, Entry Required" in the first account fleld.) Journal entry worksheet Record the $14,000 write-off of certain customer accounts which are not collectible. Note: Enter debits before credits. On December 31,2020 , Extreme Fitness has adjusted balances of $840,000 in Accounts Receivable and $63,000 in Allowance for Doubtful Accounts. On January 2, 2021, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $14,000. Required: Q. What amount would the company report as its net accounts recelvable on December 31, 2020? b.Prepare the journal entry to write off the accounts on January 2, 2021. c-1. Assuming no other transactions occurred between December 31,2020, and January 3,2021, what amount would the company report as its net accounts receivable on January 3,2021 ? c-2. Has net accounts receivable changed from December 31, 2020? Complete this question by entering your answers in the tabs below. Assuming no other transactions occurred between December 31,2020 , and January 3, 2021, what amount would the company report as its net accounts receivable on January 3,2021 ? On December 31, 2020, Extreme Fitness has adjusted balances of $840,000 in Accounts Recelvable and $63.000 in Allowance for Doubtful Accounts. On January 2, 2021, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $14,000. Required: a. What amount would the company report as its net accounts receivable on December 31, 2020? b. Prepare the journal entry to write off the accounts on January 2, 2021. c-1. Assuming no other transactions occurred between December 31,2020, and January 3,2021, what amount would the company report as its net accounts recelvable on January 3,2021 ? c-2. Has net accounts receivable changed from December 31,2020 ? Complete this question by entering your answers in the tabs below. Has net accounts receivable changed from December 31,2020 ? Has net accounts recewable changed from December 31,2020