As of 6/1, the DePere Company has an Accounts Receivable balance of $296,295 and credit balance its Allowance accounts of $13,495. The company has deemed the $8,925 accounts receivable from the Kiel Inc to be worthless and wrote it off against the allowance. Required: provide the journal entry for writing off the Kiel Inc. account. In addition give the net realizable value of DePere Company's $8,725 Accounts Receivable before and after the write-off.