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Return to Blackboard Kimmel, Financial Accounting, so tell System Anuncements CALCULATOR PRINTER WERTO Brief Exercise 3-04 At the end of 2021. Orice Company has accounts
Return to Blackboard Kimmel, Financial Accounting, so tell System Anuncements CALCULATOR PRINTER WERTO Brief Exercise 3-04 At the end of 2021. Orice Company has accounts receivable of S739,500 and an allowance for doubtful accounts of $23,560 1. On January 24, 2022, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authors a write off of 54,031. 2. On March 4, 2022, Oriole Company receives payment of 4,031 in full from Madonna Ine Prepare the journal entries to record this transaction. (Credit accounts are automatically endanted when amount is entered Do not incrunt manually.) No. Account nules and explanation Debit Credit 1 2 (To record recovery of accounts receivable) (To record collection of accounts receivable. SHOW UNT OF ACCOUNTS
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