What is the net realizable value of Sheridan Company's accounts receivable before the writeoff of the Skysong receivable? Net realizable value $ eTextbook and Media At the end of 2025 , Sheridan Company has accounts receivable of $429,100 and an allowance for doubtful accounts of $20,400. On January 16, 2026, Sheridan Company determined that its receivable from Skysong Company of $3,800 will not be collected, and management authorized its write-off. (a) Your answer is correct. Prepare the journal entry for Sheridan Company to write off the Skysong receivable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)