At the end of 2013, Morley Co. has accounts receivable of $891,400 and an allowance for doubtful accounts of $26,620. On January 24, 2014, it is learned that the companys receivable from Spears Inc. is not collectible and therefore management authorizes a write-off of $4,460.

(a) Prepare the journal entry to record the write-off

(b) What is the cash realizable value of the accounts receivable before the write-off and after the write-off?