At the end of 2020, Blossom Co. has an allowance for doubtful accounts of $30,000. On January 31, 2021, when it has accounts receivable of $550,000, Blossom Co. learns that its $5,000 receivable from Tokarik Inc. is not collectible. Management authorizes a write off.

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At the end of 2020, Blossom Co, has an allowance for doubtful accounts of $30,000, On January 31, 2021, when it has accounts receivable of $550,000, Blossom Co. learns that its $5,000 receivable from Tokarik Inc. is not collectible. Management authorizes a write off. Your answer is correct. Record the write off. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts) Date Account Titles and Explanation Debit Credit Jan. 31 Allowance for Doubtful Accounts Accounts Receivable (To record write off of accounts receivable.) eTextbook and Media 5000 5000 * Your answer is incorrect. What is the carrying amount of the accounts receivable (1) before the write off, and (2) after the write off? (1) Before the write off 550000 (2) After the write off 545000 eTextbook and Media List of Accounts