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At the end of 2016, Metlock, Inc. has accounts receivable of $666,300 and an allowance for doubtful accounts of $24,740. On January 24, 2017, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,398.
Problem (a) Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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