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question at the end of 2016 whispering winds corp has accounts receivable of 749 900 4281125


At the end of 2016, Whispering Winds Corp. has accounts receivable of $749,900 and an allowance for doubtful accounts of $23,580. 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 $4,564.

(a) Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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


Brief Exercise 8-3

Accounts Payable

Accounts Receivable

Accumulated Depreciation-Equipment

Allowance for Doubtful Accounts

Bad Debts Expense


Common Stock

Cost of Goods Sold


Income Tax Expense

Income Taxes Payable

Interest Receivable

Interest Revenue


No Entry

Notes Receivable

Other Operating Expenses

Other Receivables

Retained Earnings

Sales Discounts

Sales Returns and Allowances

Sales Revenue

Service Charge Expense


Supplies Expense


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