Brief Exercise 8-4 Your answer is partially correct. Try again. At the end of 2016, Kingbird, Inc. has accounts receivable of $697,200 and an allowance for doubtful accounts of $22,590. 1. 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 $4,513. 2. On March 4, 2017, Kingbird, Inc. receives payment of $4,513 in full from Madonna Inc. Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Allowance for Doubtful Accounts Debit 4513 Accounts Receivable 4513 2. Other Operating Expenses 697200 (To record recovery of accounts receivable.) To record collection of accounts receivable.) Click if you would like to Show Work for this question:Open Show Work