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Exercise 7-8 At the end of 2017, Bramble Company has accounts receivable of $863,100 and an allowance for doubtful accounts of $41,800. On January 16,
Exercise 7-8 At the end of 2017, Bramble Company has accounts receivable of $863,100 and an allowance for doubtful accounts of $41,800. On January 16, 2018, Bramble Company determined that its receivable from Ramirez Company of $7,890 will not be collected, and management authorized its write-off. Prepare the journal entry for Bramble Company to write off the Ramirez receivable. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Date Account Titles and Explanation Credit Jan. 16, 2018 SHOW LIST OF ACCOUNTS What is the net realizable value of Bramble Company's accounts receivable before the write-off of the Ramirez receivable? Net realizable value SHOW LIST OF ACCOUNTS
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