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Are these answers correct? 3. At the end of 2008, Comet Company has accounts receivable of $500,000 and an Allowance for Doubtful Accounts of $25,000

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3. At the end of 2008, Comet Company has accounts receivable of $500,000 and an Allowance for Doubtful Accounts of $25,000 (credit). On January 24, 2009, it is learned that the company's receivable from Crusader Inc. is not collectible and therefore management authorizes a write-off of their account for $10,000. a. Prepare the journal entry to record the write-off of the uncollectible account. (1 point) Allowance for Doubtful Accts : 10 k Accts Receivable,.... $10, 090 b. What is the Net Realizable Value of the Accounts (i). before the write-off 475, 090 (ii). after the write-off 475, bed

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