At the end of 2021. Novak Corp has accounts receivable of $74,300 and an allowance for doubtful accounts of $35.700On January 24,2022, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authories write-off of 55,600, (a) Your Swer is correct Prepare the journal entry to record the write-ot (Cedit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account title and enter for the amounts) Debit Credit Account Titles and Explanation 50 Allowance for botul Account Accounts Receivable e Textbook and Media e (b) Your answer is partially correct. 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 realizabie value $ 764300 $ 728600 eTextbook and Media List of Accounts She tritator Attemnts: 1 of used MacBook