At the end of 2016, Blue Spruce Corp. has accounts receivable of $691,000 and an allowance for doubtful accounts of $27,210. On January 24, 2017, it is learned that the companys receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,006.

Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

At the end of 2016, Blue Spruce Corp. has accounts receivable of $691,000 and an allowance for doubtful accounts of $27,210. On January 24, 2017, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,006. Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets Liabilities Allow. For Accts. Rec. Doubtful Accts Common Stock $ $ $ Beg. Bal. Jan. 24 Adj. Bal. At the end of 2016, Blue Spruce Corp. has accounts receivable of $691,000 and an allowance for doubtful accounts of $27,210. On January 24, 2017, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,006. Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Liabilities + Stockholders' Equity Retained Earnings Rev. + Common Stock + Exp. $ $ $ What is the cash realizable value of the accounts receivable before the write-off and after the write-off? Before Write-Off After Write-Off Cash realizable value ta ta