At the end of 2020, Carpenter Co. has accounts receivable of $700,000 and an allowancefor doubtful accounts of $54,000. On January 24, 2021, the company learns that its receivable from

Megan Gray is not collectible, and management authorizes a write-off of $6,200.a. Prepare the journal entry to record the write-off.b. What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after thewrite-off?

asked by guest
on Nov 24, 2024 at 7:35 pm



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