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I only need the last answer that is incorrect, the amount after the write off. At the end of 2020, Sheridan Company has accounts receivable
I only need the last answer that is incorrect, the amount after the write off. At the end of 2020, Sheridan Company has accounts receivable of $1,000,000 and an allowance for doubtful accounts of $50.400.On January 16, 2021. Sheridan Company determined that its receivable from Ramirez Company of 57.560 will not be collected and management authorized its write-off, Your answer is correct Prepare the journal entry for Sheridan Company to write off the Ramirez receivable, no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. De moindent manually) Date Account Titles and Explanation Debit Credit Jan 16 2021 Allowance for Doubtful Accounts 7560 Accounts Receivable What is the net amount expected to be collected of Sheridan Company's accounts receivable before the write-off of the Ramirez receivable? Net amount expected to be collected $ 957600 e Textbook and Media List of Accounts X your answer is incorrect What is the net amount expected to be collected of Sheridan Company's accounts receivable after the write-off of the Ramirez receivable? Net amount expected to be collected $ 1000440
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