Exercise 7-8 At the end of 2017, Windsor Company has accounts receivable of $874,900 and an allowance for doubtful accounts of $45,600. On January 16, 2018, Windsor Company determined that its receivable from Ramirez Company of $6,850 will not be collected, and management authorized its write-off. Prepare the journal entry for Windsor Company to write off the Ramirez receivable. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 16, 2018 SHOW LIST OF ACCOUNTS LINK TO TEXT What is the net realizable value of Windsor Companys accounts receivable before the write-off of the Ramirez receivable? Net realizable value $ SHOW LIST OF ACCOUNTS LINK TO TEXT What is the net realizable value of Windsor Companys accounts receivable after the write-off of the Ramirez receivable? Net realizable value $ Click if you would like to Show Work for this question: Open Show Work

Exercise 7-8 At the end of 2017, Windsor Company has accounts receivable of $874,900 and an allowance for doubtful accounts of $45,600. On January 16, 2018, Windsor Company determined that its receivable from Ramirez Company of $6,850 will not be collected, and management authorized its write-off. Prepare the journal entry for Windsor 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 Credit Date Account Titles and Explanation Jan. 16, 2018 SHOW LIST OF ACCOUNTS LINK TO TEXT What is the net realizable value of Windsor Company's accounts receivable before the write-off of the Ramirez receivable? Net realizable value SHOW LIST OF ACCOUNTS LINK TO TEXT What is the net realizable value of Windsor Company's accounts receivable before the write-off of the Ramirez receivable? Net realizable value SHOW LIST OF ACCOUNTS LINK TO TEXT What is the net realizable value of Windsor Company's accounts receivable after the write-off of the Ramirez receivable? Net realizable value Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT