Business, 22.04.2020 22:41 maddiecat43551p2rueh

At the end of 2021, Kingbird Co. has accounts receivable of $762,000 and an allowance for doubtful accounts of $22,520. On January 24, 2022, it is learned that the company’s receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,398.

(a) Prepare the journal entry to record the write-off.

(b) What is the cash realizable value of the accounts receivable before the write-off and after the write-off?

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At the end of 2021, Kingbird Co. has accounts receivable of $762,000 and an allowance for doubtful a...

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