At the end of 2021, Swifty Corporation has accounts receivable of $738,100 and an allowance for doubtful accounts of $44,400. 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 $7,000. Your answer is correct. 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 O for the amounts.) Account Titles and Explanation Allowance for Doubtful Accounts Accounts Receivable eTextbook and Media List of Accounts Your answer is incorrect. Cash realizable value $ Before Write-Off Debit What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off? A 7000 Credit After Write-Off 7000

At the end of 2021, Swifty Corporation has accounts recelvable of $738,100 and an allowance for doubtful accounts of $44,400, 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 $7,000. Your answer iscorrect. Prepare the journal entry to record the write-off. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) eTextbook and Media List of Accounts Your answer is incorrect. What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off