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Question 8 of 22 < > View Policies -15 E Current Attempt in Progress At December 31, 2020, Crane Company reported Accounts Receivable of
Question 8 of 22 < > View Policies -15 E Current Attempt in Progress At December 31, 2020, Crane Company reported Accounts Receivable of $36,900 and Allowance for Doubtful Accounts of $2,870. On January 7, 2021, Brown Enterprises declares bankruptcy and it is determined that the receivable of $984 from Brown is not collectible (a) What is the cash realizable value of Accounts Receivable at December 31, 2020? Cash realizable value $ Save for Later (b) Attempts: 0 of 1 used Submit Answer What entry would Crane make to write off the Brown account? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entry before credit entry) Account Titles and Explanation g Save for Later Debit Credit Attempts: 0 of 1 used Submit Answer What is the cash realizable value of Accounts Receivable after the Brown account is written off? Cash realizable value Save for Later S Attempts: 0 of 1 used Submit Answer
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