At the end of 2020. Blossom Company has accounts receivable of $ 688.000 and an allowance for doubtful accounts of $ 34,400. On January 16, 2021. Blossom Company determined that its receivable from Ramirez Company of $ 5,160 will not be collected and management authorized its write-oft Your Answer Correct Answer Your answer is correct Prepare the journal entry for Blossom Company to write off the Ramirezreceivable. (If no entry is required, select "No Entry for the account tities and enter for the amounts Credit account tities are automatically indented when the amount is entered. Do not indent manually Prepare the journal entry for Blossom Company to write off the Ramirez receivable. (If no entry is required, select "No Entry for the account titles and enter 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, 2021 Allowance for Doubtful Accounts 5.160 Accounts Receivable 5.160 if What is the net amount expected to be collected of Blossom Company's accounts receivable before the write-off of the Ramirez receivable? Net amount expected to be collected $ 682.340 what the net amount expected to be collected of Blossom Company's accounts receivable after the write-off of the Ramirez receivable? Net amount expected to be collected 682.640