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Question 12 of 14 0.88/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct At the end of 2021. Larkspur

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Question 12 of 14 0.88/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct At the end of 2021. Larkspur Co has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200. 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 $4,245, (a) Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Credit Allowance for Doubtful Accounts Accounts Receivable Debit 4245 4245 () What is the cash realizable value of the accounts receivable before the write-off and after the write-off After Write-Off Cash realizable value Before Write-Off 629500 e Textbook and Media List of Accounts Attempts: 2 of 3 used SA Sanforce Last ved 1 day ago Soved work will be auto submitted on the due date

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