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At the end of 2021, Splish Brothers Co. has accounts receivable of $812.000 and an allowance for doubtful accounts of $29,000. On January 24,
At the end of 2021, Splish Brothers Co. has accounts receivable of $812.000 and an allowance for doubtful accounts of $29,000. 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 $4,988. (a) Use a tabular summary to record the write-off. Enter 2021 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45)) 'S $ Accts. Rec. eTextbook and Media Assets $ Liabilities + Allow. For Doubtful Accts - + Common Stock Stoc Save for Later Attempts: 0 of 4 used Submit Answer Using multiple attempts will impact your score. 25% score reduction after attempt 3
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