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At the end of 2016, Spllsh Brothers Inc. has accounts receivable of $675,100 and an allowance for doubtful accounts of $24,370. 1. On January 24, 2017, it is learned that the company's receivable for Madonna Inc. is not collectible and therfore management authorizes a write-off of $4,127. 2. On March 4, 2017, Splish Brothers Inc. receives payment of $4,127 in full from Madonna Inc. Prepare the journal entries to record this transaction. By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor