At the end of 2021,Best GoodsCo. has accounts receivable of $754,500and an allowance for doubtful accounts of $23,960. On January 24, 2022, it is learned that the company's receivable from Electronic Guys Inc. is not collectible and therefore management authorizes a write-off of $4,624.

1.Prepare the journal entry to record the write-off.

2.What is the cash realizable value of the accounts receivable before the write-off and after the write-off?