At the end of 2019, Tamarisk Inc. has accounts receivable of $ 718,500 and an allowance for doubtful accounts of $ 66,700.On January 24,2020, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $ 5,500. Part 1 Your answer is correct. Prepare the journal entry to record the write-off. (Credit account titles are outomatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit 5500 Allowance for Doubtful 5500 Accounts Recelvable