M8-3 Reporting Accounts Receivable and Recording Write-Offs Using the Allowance Method LO 8-2] On December 31, 2014, Extreme Fitness has adjusted balances of $850,000 in Accounts Receivable and $65,000 in Allowance for Doubtful Accounts. On January 2, 2015, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $15,000 t 31.2047 Net Accounts Receivable b. Prepare the journal entry to write off the accounts on January 2, 2015. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the $15,000 write-off of certain customer accounts which are not collectible. Note: Enter debits before credits. Date General Journal DebitCredit January 02, 2015