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At the end of 2021, Bramble Corp. has accounts receivable of $740,200 and an allowance for doubtful accounts of $40,900. On January 24, 2022,
At the end of 2021, Bramble Corp. has accounts receivable of $740,200 and an allowance for doubtful accounts of $40,900. On January 24, 2022, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $6,400. (a) Your answer is correct. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when 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.) Account Titles and Explanation Allowance for Doubtful Accounts Accounts Receivable eTextbook and Media Debit 6400 Credit 5400
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