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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

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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 incorrect. 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 es (45)) Assets Liabilities Allow. For Doubtful Accts Accts. Rec. Common Stock Assets Liabilities + Accts. Rec. Allow. For Doubtful Accts Common Stock $ Beg Bal. Jan. 24 Adj. Bal. e Textbook and Media 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 4398 $ 4398 e Textbook and Media

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