Question: Your answer is partially correct. Try again. At the end of 2021, Shamrock Co. has accounts receivable of $696,800 and an allowance for doubtful accounts

 Your answer is partially correct. Try again. At the end of

Your answer is partially correct. Try again. At the end of 2021, Shamrock Co. has accounts receivable of $696,800 and an allowance for doubtful accounts of $23,140. 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 $4,248. a Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Allowance for doubtful accounts 4248T Accounts receivable 4248 (b) What is the cash realizable value of the accounts receivable before the write-off and after the write-off? Before Write-Off After Write-Off Cash realizable value 4248 4248 Click if you would like to Show Work for this question: Open Show Work

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