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At the end of 2021, Marigold Corp. has accounts receivable of $717,900 and an allowance...

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Accounting

At the end of 2021, Marigold Corp. has accounts receivable of $717,900 and an allowance for doubtful accounts of $34,900. On January 24, 2022, it is learned that the companys receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $6,900.

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