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Prepare the journal entry to record the write-off

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Problem - At the end of 2009, Tatum Co. has accounts receivable of $719,755 and an allowance for doubtful accounts of $30,601. On January 24, 2010, it is learned that the company's receivable from Novinger Inc. is not collectible and therefore management authorizes a write-off of $2,837.

(a) Prepare the journal entry to record the write-off?

(b) What is the cash realizable value of the accounts receivable before the write-off?

(c) What is the cash realizable value of the accounts receivable after the write-off?

Reference no: EM131793610

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