Grotto Products, Inc. reported an opening balance in the allowance for doubtful accounts of $ 560,000. During

Question:

Grotto Products, Inc. reported an opening balance in the allowance for doubtful accounts of $ 560,000. During the year, the company determined that a $ 23,000 receivable due from Zeer Company was uncollectible. Prepare the journal entry to write off the Zeer account assuming Grotto uses the allowance method.