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Help with (b) please. Show work also please. Brief Exercise 8.3 Your answer is partially correct. Try again. At the end of 2016, Splish Brothers

Help with (b) please. Show work also please. image text in transcribed
Brief Exercise 8.3 Your answer is partially correct. Try again. At the end of 2016, Splish Brothers Inc. has accounts receivable of $675, 100 and an allowance for doubtful accounts of $24,370. On January 24, 2017, it is leamed that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $1,127. () 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 Dehit Credit Allowance for Doubtful Accounts 4127 Accounts Receivable 4127 (b) What is the cash realizable value of the accounts recevable before the write-off and after the write-off? Before Write Off After Write off Cash realizable value 4127 4127

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