At the end of 2017, Cullumbet Company has accounts recievable of $901,300 and an allowance for doubtful accounts ot $49,500. on January 16, 2018, Cullumber Company determined that ita recievable from Ramirez Company of $7,310 will not be collected, and management authorized its write off.

Prepare the journal entry for Cullumber Company to write off the Ramirez receivable. (If no entry is are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 16, 2018 What is the net realizable value of Cullumber Company's accounts receivable before the write-off of the Ramirez receivable? Net realizable value SHOW LIST OF ACCOUNTS What is the net realizable value of Cullumber Company's accounts receivable after the write-off of the Ramirez receivable? Net realizable value Click if you would like to Show Work for this question: Open Show Work