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At the end of 2020, Sammy Company has accounts receivable of $900,000 and an allowance for doubtful accounts of $50,000. On January 17, 2021, Sammy

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At the end of 2020, Sammy Company has accounts receivable of $900,000 and an allowance for doubtful accounts of $50,000. On January 17, 2021, Sammy Company determined that its receivables from Jimmy Company of $8,000 will not be collected, and management authorizes its write-off. a) Prepare the journal entry for Sammy Company to write off the Jimmy receivable. b) What is the net amount expected to be collected of Sammy Company's accounts receivable before the write-off of the Jimmy receivable? c) What is the net amount expected to be collected of Sammy Company's accounts receivable after the write-off of the Jimmy receivable

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