At the end of 2016, Metlock, Inc. has accounts receivable of $666,300 and 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. Your answer is partially correct. 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 = Liabili Allow. For Accts. Rec. Doubtful Accts Beg. Bal. $ 666300 24740 Jan. 24 -4398 -4398 Adj. Bal. 661902 20342