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On December 31, 2017, Extreme Fitness has adjusted balances of $800,000 in Accounts Recelvable and $55,000 In Allowance for Doubtful Accounts. On January 2, 2018,

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On December 31, 2017, Extreme Fitness has adjusted balances of $800,000 in Accounts Recelvable and $55,000 In Allowance for Doubtful Accounts. On January 2, 2018, the company learns that certain customer accounts are not collectible, so management authorlzes a write-off of these accounts totaling $10,000. 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 recelvable on January 3, 2018? Has net accounts recelvable changed from December 31, 2017? Complete this question by entering your answers in the tabs below. Req A Req B Req Ci Req C2 Has net accounts receivable changed from December 31, 20177 Has net accounts receivable changed from December 31.2017

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