Current Attempt in Progress At the end of 2021, Cullumber Company has accounts receivable of $701,000 and an allowance for doubtful accounts of $25,100. 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 $5,500. Your answer is partially correct. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Allowance for Doubtful Accounts Accounts Receivable Debit 5500 Credit 5500 SUI

At the end of 2021, Cullumber Company has accounts receivable of $701,000 and an allowance for doubtful accounts of $25,100.0 n 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 $5,500. Your answer is partially correct. Prepare the journal entry to record the write-off. (Credit account titles ore outomatically indented when omount is entered. Do not indent manuallys? Your answer is partially correct: What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off