Question $2$ of $15$

Current Attempt in Progress

At the end of $2024,$ Metlock Co$.$ has accounts receivable of $$698,000$ and an allowance for doubtful accounts of $$27,500.$ On January

$24,2025,$ it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a

write$-$off of $$3,929.$

$($a$)$

Prepare the journal entry to record the write$-$off. $($List debit entry before credit entry. Credit account titles are automatically indented when

amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

$($b$)$

What is the cash realizable value of the accounts receivable before the write$-$off and after the write$-$off?