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9 : 5 2 PM Fri Nov 1 7 Done Chapter 8 Homework i Help Save & Exit Submit 1 3 . 1 2 points

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On December 31,2020, Extreme Fitness has adjusted balances of $880,000 in Accounts Receivable and $71,000 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 $18,000.
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?
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What amount would the company report as its net accounts receivable on December 31,2C Net Accounts Receivable
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