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At the end of 2021, Oriole Company has accounts receivable of $736,800 and an allowance for doubtful accounts of $33,000. On fanuary 24, 2022, it
At the end of 2021, Oriole Company has accounts receivable of $736,800 and an allowance for doubtful accounts of $33,000. On fanuary 24, 2022, it is leamed that the company's recelvable from Madonna inc is not collectible and therefore management suthorizes a write- off of $5500. Prepare the journal entry to record the write-off: (Credit occount titles are automatically indented when amount is entered, Do not. indent manualik) eTextbook and Media List of Accounts What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off
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