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Please answer and I will leave a thumbs up. I just need the answers for the boxes that are wrong in red. At the end
Please answer and I will leave a thumbs up. I just need the answers for the boxes that are wrong in red.
At the end of 2021, Safer Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. 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 $4,300. (a) Your answer is partially correct. Use a tabular summary to record the write-off. Enter 2021 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es: (45 Assets Liabilities Accts. Rec. Allow. For Doubtful Accts Common Stod Beg Bal. $ 700.000 $ 52500 Jan. 24 -4300 4300 Adj. Bal 695.700 48200Step by Step Solution
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