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What is the journal entry to this

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Question - At the end of 2021, Sage Hill Co. has accounts receivable of $747,300 and an allowance for doubtful accounts of $25,420. On January 24, 2022, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,624.

Required -

What is the journal entry to this?

What is the cash realizable value of the accounts receivable before the write-off and after the write-off?

Reference no: EM132919966

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