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Question 3 of 8 -/0.5 Tii View Policies Current Attempt in Progress At the end of 2021, Teal Mountain Co. has accounts receivable of $840,000

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Question 3 of 8 -/0.5 Tii View Policies Current Attempt in Progress At the end of 2021, Teal Mountain Co. has accounts receivable of $840,000 and an allowance for doubtful accounts of $30,000. 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 $5,160. (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 eg (451) Assets Liabilities Accts. Rec. Common Stock Allow. For Doubtful Accts $ Beg Bal $ $ Jan 24 Adj Bal eTextbook and Media Save for later Attempts: 0 of 3 used Submit Answer ammary to record the write-off. Enter 2021 amounts as beginning balances. (Enter negative amounts using either a eceding the number eg.-45 or parentheses eg. (45)) Stockholders' Equity Retained Earnings Common Stock Rev. Exp. $ $ $ and Media Attempts:0 of 3 used Submit Answer question must be completed in order. This part will be available when you complete the part above TEREELLEFACE mp3

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