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At the end of 2015, Carpenter Co. has accounts receivable of $758,760 and an allowance for doubtful accounts of $73,800. On January 24, 2016, the

At the end of 2015, Carpenter Co. has accounts receivable of $758,760 and an allowance for doubtful accounts of $73,800. On January 24, 2016, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $5,680.

Prepare the journal entry to record the write-off.

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

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