Gradebook ORION Downloadable eTextbook nt CALCULATOR PRINTER VERSION BACK NE Exercise 7-8 At the end of 2017, Marigold Company has accounts receivable of $858,200 and an allowance for doubtful accounts of $40,700. On January 16, 2018, Marigold Company determined that its receivable from Ramirez Company of $7,660 will not be collected, and management authorized its write-off Prepare the journal entry for Marigold Company to write off the Ramirez receivable. (1f no entry is required, select "No Entry for the account titles and enter d for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 16, 2018 Alowance fer Doubtful Accounts SHOW LIST OF ACCOUNTS LENK TO TExT What is the net realizable value of Marigold Company's accounts receivable before the write-off of the Ramirez receivable? Net realizable value HOW LIST OF ACCOUNTS