At the end of 2016, Metlock, Inc. has accounts receivable of $666,300and an allowance for doubtful accounts of $24,740. 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 $4,398.

(a) Prepare the journal entry to record the write-off.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation Debit Credit

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= = =

(b) 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 = =