At the end of 2017, Ivanhoe Company has accounts receivable of $915,100 and an allowance for doubtful accounts of $49,900. On January 16, 2018, Ivanhoe Company determined that its receivable from Ramirez Company of $7,770 will not be collected, and management authorized its write-off. Prepare the journal entry for Ivanhoe Company to write off the Ramirez receivable.

What is the net realizable value of Ivanhoe Companys accounts receivable before the write-off of the Ramirez receivable?

Net realizable value

What is the net realizable value of Ivanhoe Companys accounts receivable after the write-off of the Ramirez receivable?

Net realizable value

At the end of 2017, Ivanhoe Company has accounts receivable of $915,100 and an allowance for doubtful accounts of $49,900. On January 16, 2018, Ivanhoe Company determined that its receivable from Ramirez Company of $7,770 will not be collected, and management authorized its write-off. Prepare the journal entry for Ivanhoe Company to write off the Ramirez receivable. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles 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 Ivanhoe Company's accounts receivable before the write-off of the Ramirez receivable? Net realizable value What is the net realizable value of Ivanhoe Company's accounts receivable after the write-off of the Ramirez receivable? Net realizable value $