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At the end of 2021, Windsor Co. has accounts receivable of $ 854,000 and an allowance for doubtful accounts of $ 30,500 . On January
At the end of 2021, Windsor Co. has accounts receivable of $854,000 and an allowance for doubtful accounts of $30,500. On January 24, 2022, it is learned that the companys receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $5,246.
(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 e.g. -45 or parentheses e.g. (45).)
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