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Need the answer for (b) please! At the end of 2021, Sage Hill Co, has accounts receivable
Need the answer for (b) please! At the end of 2021, Sage Hill Co, has accounts receivable of $704,700 and an allowance for doubtful accounts of $26,850. On January 24, 2022. it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,384 (a) 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 Credit Debit Cash 4,384 Accounts Receivable (b) What is the cash realizable value of the accounts receivable before the write off and after the write-off? Before Write-Off After Write Off Cash realizable value $ $
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Need the answer for (b) please!
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