Problem 2: At the end of 2020, Jordon Inc. has accounts receivable of $110,000 and an allowance for doubtful accounts of $2,200. On January 24, 2021, it is learned that the company's receivable from Nomel Co. is not collectible and therefore management authorizes a write-off of $900. a. Use a tabular summary to record the write-off. Enter 2020 amounts as beginning balances. Liabilities + Stockholders' Equity Assets Allowance for Accounts doubtful Cash + Receivable - Accounts Common Stock + Retained Earnings Revenue - Expenses - Dividends b. What is the cash realizable value of the accounts receivable (1) before the write- off and (2) after the write-off? c. Assume that on July 1, 2021, Nomel Co. later pays Jordon Inc. the $900. How should the company account for the payment, use a tabular analysis or journal entry? = Liabilities + Stockholders' Equity Assets Allowance for Accounts doubtful Cash + Receivable - Accounts Common Stock + Retained Earnings Revenue Expenses - Dividends