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Question 6 View Policies Current Attempt in Progress At the end of 2016, Crane Company has accounts receivable of $713,800 and an allowance for doubtful

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Question 6 View Policies Current Attempt in Progress At the end of 2016, Crane Company has accounts receivable of $713,800 and an allowance for doubtful accounts of $23,690. On January 24, 2017, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $3,885. Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Assets - Liabilities + Stockholders' Equity Retained Earnings Rev. Accts. Rec. Allow. For Doubtful Accts - = + Common Stock + Exp. Beg. Bal. $ Jan. 24 Adj. Bal. e Textbook and Media What is the cash realizable value of the accounts receivable before the write-off and after the write-off? Before Write-Off After Write-Off Cash realizable value $ e Textbook and Media

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