At the end of 2021, Larkspur, Inc. has accounts receivable of $728,300 and an allowance for doubtful accounts of $30,500. 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 $5,900. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation eTextbook and Media List of Accounts Cash realizable value $ What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off? eTextbook and Media List of Accounts Before Write-Off Debit $ Credit After Write-Off

At the end of 2021 . Larkspur, Inc, has accounts receivable of $728,300 and an allowance for doubtful accounts of $30,500. On January 24,2022, it is learned that the company's recelvable from Madonna inc. is not collectible and therefore management authorites a write-off of $5,900. Prepare the journal entry to record the write-off. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts What is the cash realizable value of the accounts recelvable (1) before the write-off and (2) after the write-off