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Akimi4 [234]
3 years ago
12

At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. 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 $4,300.
Business
1 answer:
marin [14]3 years ago
3 0
<span>Accounts Receivable before the write off: (700,000-25,000) = 675,000 Accounts Receivable after write off: (700-4300)-(25000-4300)=675,000</span>
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