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Attempt in Progress At the end of 2023, Pina Colada Corp. has accounts receivable of $2.85 million and an allowance for expected credit losses of
Attempt in Progress At the end of 2023, Pina Colada Corp. has accounts receivable of $2.85 million and an allowance for expected credit losses of $137,000. On January 16, 2024, Pina determined that its $18,800 receivable from Blossom Company will not be collected, and management has authorized its write off. On January 31, 2024, Pina received notification that the company will receive $0.10 for every $1.00 of accounts receivable relating to Sunland Company The company had previously written off 100% of the amount due from Sunland ($52.500). (a) Your answer is correct Dranare the inienal antru foe Dinnrita off the Bloccom required, select routing Blossom Company accounts receivable write-off: Account Titles and Explanation Allowance for Expected Credit Losses Accounts Receivable Debit Credit 16000 18800 Sunland Company reinstatement of partial accounts receivable for amounts previously written off and now determined to be collectible: Account Titles and Explanation Accounts Receivable QUA2311-Assign 3 Annotated blog a Debit Credit 5250 Choosing Secondar ph DFnal Reflection doc Research Dive.docx CL 9 a ENG US Question 4 of 5 Account Titles and Explanation (b) Accounts Receivable Allowance for Expected Credit Losses eTextbook and Media List of Accounts Debit 5250 Credit $250 Attempts: 3 of 3 used D QUAZE11-Ausga A Annotated bibliogrop Choosing Secondar final Reflection doc Research-Drivendocr Shoe st ING 1234 A 106 What is the estimated net realizable value of Pina's accounts receivable before and after the entries above? What is the book value of Pina's accounts receivable before and after the entries above? Before Adjustments $ Net Realizable Value $ Book Value eTextbook and Media List of Accounts $ After Adjustments
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