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Question 3 of 7 -124 III At the end of 2021, Metlock Co. has accounts receivable of $756,000 and an allowance for doubtful accounts of

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Question 3 of 7 -124 III At the end of 2021, Metlock Co. has accounts receivable of $756,000 and an allowance for doubtful accounts of $27,000. 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 $4,644. (a) 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. (451) Assets Liabilities Accts, Rec. Allow. For Doubtful Accts Common Stock $ $ $ Beg.Bal. Jan 24 Adj. Bal e Textbook and Media Attempts: 0 of used 1 MacBook Air

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