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At the end of 2017, Greencastle Corp. has accounts receivable of $472,300 and an allowance for doubtful accounts of $26,400 receivable from Hutley Inc. is

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At the end of 2017, Greencastle Corp. has accounts receivable of $472,300 and an allowance for doubtful accounts of $26,400 receivable from Hutley Inc. is not collectible. Management authorizes a write off. But on March 4, 2018, Greencastle Corp. rece Prepare the required journal entries to record this transaction. (Credit account titles are automatically indented when th required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 4 (To reverse write off of account receivable) Mar. 4 (To record collection of account receivable)

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