View Policies Show Attempt History Current Attempt in Progress At the end of 2021, Sheridan Company has accounts receivable of $730,400 and an allowance for doubtful accounts of $34,000. On January 24, 2022, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $7,300. (a) Your answer is correct. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Allowance for Doubtful Accounts $7,300 Accounts Receivable $7,300 eTextbook and Media List of Accounts Attempts: 1 of 3 used (b) What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off? Before Write-Off After Write-Off Cash realizable value $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit