At the end of 2016, Novak Corp. has accounts receivable of $767,100 and an allowance for doubtful accounts of $23,810. 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 $4,451.

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

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