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On December 31,2020, Extreme Fitness has adjusted balances of $920,000 in Accounts Receivable and $79,000 in Allowance for Doubtful Accounts. On January 2,2021, the company

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On December 31,2020, Extreme Fitness has adjusted balances of $920,000 in Accounts Receivable and $79,000 in Allowance for Doubtful Accounts. On January 2,2021, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $22,000. Required: a. What amount would the company report as its net accounts recelvable on December 31, 2020? b.Prepare the journal entry to write off the accounts on January 2,2021. c-1. Assuming no other transactions occurred between December 31,2020, and January 3,2021, what amount would the company report as its net accounts receivable on January 3,2021 ? c-2. Has net accounts recelvable changed from December 31,2020 ? Complete this question by entering your answers in the tabs below. Has net accounts receivable changed from December 31,2020 ? Has net wocounis recelyable changed trom December 31,2020

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