1 answer

At the end of 2021, Teal Mountain CO has accounts receivable E L ULUJUILWI Wassement-player products/41411-78-4bca-Bedo-c07684021...

Question:

at the end of 2021, Teal Mountain CO has accounts receivable
E L ULUJUILWI Wassement-player products/41411-78-4bca-Bedo-c07684021 ssessments/850-cac-de-ate-de C A View Policies Current A
E L ULUJUILWI Wassement-player products/41411-78-4bca-Bedo-c07684021 ssessments/850-cac-de-ate-de C A View Policies Current Attempt in Progress At the end of 2021, Teal Mountain Co. has accounts receivable of $697.200 and an allowance for doubtful accounts of $22.590. On January 24, 2022. It is learned that the company receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4.513. Prepare the journal entry to record the write-oft. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit What is the cash realizable value of the accounts receivable before the write-off and after the write-off? Before Write Off After Write-Off Cash realizable value $ e Textbook and Media List of Accounts Attempts of Jused Save te

Answers

a.

Account Titles and Explanation Debit Credit
Allowance for doubtful accounts $4,513
Accounts Receivables $4,513

b.

Before write off After write off
Cash realizable value (697200-22590) = $674,610 $674,610
.

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