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On December 31, 2014, Extreme Fitness has adjusted balances of $1,000,000 in Accounts Receivable and $95,000 in Allowance for Doubtful Accounts On January 2, 2015.
On December 31, 2014, Extreme Fitness has adjusted balances of $1,000,000 in Accounts Receivable and $95,000 in Allowance for Doubtful Accounts On January 2, 2015. the company leams that certain customer accounts are not collectible, so management authorizes a weite-off of these accounts totaling $30,000 a. What amount would the company report as its net accounts receiable on December 31, 2014? b. Propare the younal entry to wite of the accounts on January 2 2015 (it no entry is required for a transaction/event, select "No Journal Entry Required in the first account hekd3 ew transaction ist 1 Record the $30,000 wnte-off of certain customer accounts which are not collactible a not
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