question 3

... this isn't not a quiz or exam this is homework that I need help on. Thanks

WAS Assessment Player Tool sessmem.educalionnmleyxom Question 3 um View Policies Current Attempt in Progress At the end of 2020, Cullumber Company has accounts receivable of $701,000 and an allowance for doubtful accounts of $54,100. On January 24. 2021, the company learns that its receivable from Megan Gray is not collectible, and management authorizes awrite-off of $5,500. Prepare the journal entry to record the write-off. {Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account tlu and Explanation Debit Credit eTextbook and Media List of Accounts What is the cash realizable value of the accounts receivable (1) before the write-offand (2) after the write-off? Cash realizable value $ $ eTextbook and Media