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after write off? At the end of 2020, Sheffield Corp. has accounts receivable of 5739.200 and an allowance for doubtful accounts of $67.900. On January

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At the end of 2020, Sheffield Corp. has accounts receivable of 5739.200 and an allowance for doubtful accounts of $67.900. On January 24, 2021, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $6,500 Your answer is correct. Prepare the journal entry to record the write-oft Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Allowance for Doubtful Accounts 6500 Accounts Receivable e Textbook and Media List of Accounts Your answer is partially correct. What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off? Before Write-Off 671300 After Write-Off 677800 Cash realizable value $ $

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