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View Policies Current Attempt in Progress At the end of 2016, Oriole Company has accounts receivable of $739,500 and an allowance for doubtful accounts of

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View Policies Current Attempt in Progress At the end of 2016, Oriole Company has accounts receivable of $739,500 and an allowance for doubtful accounts of $23,560. 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 $4,031. 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 e.g. (45).) Assets Liabilities Allow. For Doubtful Accts Accts. Rec. Common Stock Beg, Bal Jan 24 Adi Bal At the end of 2016, Oriole Company has accounts receivable of $739,500 and an allowance for doubtful accounts of $23,560. 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 $4,031. 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 e.g.-45 or parentheses eg. (45)) Liabilities Stockholders' Equity Retained Earnings Rev. Common Stock Exp. $ $ I 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-On Cash realizable value $

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