M8-3 Reporting Accounts Receivable and Recording Write-Offs Using the Allowance Method [LO 8-2] 11 ints On December 31, 2017, Extreme Fitness has adjusted balances of $880,000 in Accounts Receivable and $71,000 in Allowance for Doubtful Accounts. On January 2, 2018, the company leams that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $18,000. Sklaped a. What amout would the company report as its not accounts recevable on December 31, 2017 b. Prepare the journal entry to write of the accounts on January 2, 2018 c. Assuming no other transactions occurred between December 31, 2017 and January 3, 2018, what amount would the company report as its net accounts recevable on January 3, 2018? Hos net accounts receivable changed from December 31, 20177 Book Paint Complete this question by entering your answers in the tabs below. theres Req Reqs Reg CI Reg C2 What amount would the company report as its net accounts receivable on December 31, 2017 Net Accounts Receivable Mega 5 Req A ReqB Reg 01 Req C2 repare the journal entry to write off the accounts on January 2, 2018. (If no entry is required for a trans Entry Required in the first account field.) View transaction list Journal entry worksheet 1 Record the $18,000 write-off of certain customer accounts which are not collectible Note. Enter debitore credits Date General Journal Debit Credit January 02, 2018 Record entry Clear entry View general journal 11 Ints M8-3 Reporting Accounts Receivable and Recording Write-Offs Using the Allowance Method [LO 8-2] On December 31, 2017. Extreme Fitness has adjusted balances of $880,000 in Accounts Receivable and $71,000 in Allowance for Doubtful Accounts. On January 2, 2018, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $18,000, Skipped a. What amount would the company report as its net accounts recelvable on December 31, 2017 b. Prepare the journal entry to write off the accounts on January 2, 2018 c. Assuming no other transactions occurred between December 31, 2017, and January 3, 2018, what amount would the company report as its net accounts receivable on January 3, 2018? Has net accounts receivable changed from December 31, 2017 floor Print Complete this question by entering your answers in the tabs below. References Reg A Reg Reg 1 Rec2 Assuming no other transactions occurred between December 31, 2017, and January 3, 2018, what amount would the company report as its net accounts receivable on January 3, 2018? Nok Ancounts flocolvable