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Business, 08.11.2019 19:31 cam1976

At the end of 2016, sunland company has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200.
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 $4,245.
on march 4, 2017, sunland company receives payment of $4,245 in full from madonna inc.

prepare the journal entry to record the write-off. (credit account titles are automatically indented when amount is entered. do not indent manually.)

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