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At the end of 2017, Carpenter Co. has accounts receivable of $750, 300 and an allowance for doubtful accounts of $73, 300. On January 24,
At the end of 2017, Carpenter Co. has accounts receivable of $750, 300 and an allowance for doubtful accounts of $73, 300. On January 24, 2018, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $6, 100. Prepare the Journal entry to record the write-off. What is the cash realizable value of the accounts receivable before the write-off and after the write-off
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