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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

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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. (a) 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 for the amounts.) Account Titles and Explanation Debit Credit

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