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At the end of 2021, Monty Corp. has accounts receivable of $738,700 and an allowance for doubtful accounts of $32,300. 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 $5,700. (a) Your answer is correct. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Allowance for Doubtful Accounts 5700 Accounts Receivable 5700 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) * Your answer is incorrect. What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off? Before Write-Off After Write-Off Cash realizable value $ 5700 $ 5700