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help Question 6 of 8 -/1 ili View Policies Current Attempt in Progress At the end of 2016, Sheridan Company has accounts receivable of $665,400

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Question 6 of 8 -/1 ili View Policies Current Attempt in Progress At the end of 2016, Sheridan Company has accounts receivable of $665,400 and an allowance for doubtful accounts of $23,480. On January 24, 2017, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,415. Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Liabilities + Allow. For Doubtful Accts Accts. Rec. Common Stock Beg $ Bal. Jan. 24 Adj. Bal. e Textbook and Media Question 6 of 8 -/15 View Policies Current Attempt in Progress At the end of 2016, Sheridan Company has accounts receivable of $665,400 and an allowance for doubtful accounts of $23,480. On January 24, 2017, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,415. Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Liabilities + Stockholders' Equity Retained Earnings Rev. Common Stock Exp. $ $ $ e Textbook and Media 3 A 09 16

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