At the end of 2021, Concord Corporation has accounts receivable of $752,200 and an allowance for doubtful accounts of $43,200. 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 $7,500. (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 Debit Credit Allowance for Doubtful Accounts 7500 Accounts Receivable 7500 e Textbook and Media List of Accounts Attempts: 2 of 5 used (b) What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off? Before Write-Off After Write-Off Cash realizable value $ $ $