after write off? At the end of 2020, Larkspur, Inc. has accounts receivable...
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after write off?
At the end of 2020, Larkspur, Inc. has accounts receivable of $728,300 and an allowance for doubtful accounts of $59,500. On January 24, 2021, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $5,900. Your answer is correct. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Allowance for Doubtful Accounts 5900 Accounts Receivable 5900 e Textbook and Media List of Accounts - Your answer is partially correct. What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off? Before Write-Off 668800 After Write-Off 662900 Cash realizable value $ $
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