Your answer is partially correct. Try again At the end of 2016, Splish Brothers Inc. has accounts receivable of $675,100 and an allowance for doubtful accounts of $24,370 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 $4,127 2. On March 4, 2017, Splish Brothers Inc. receives payment of $4,127 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 Credit 4127 Accounts Receivable 4127 2. Accounts Receivable 675100 Allowance for Doubtful Accounts 650730 (To record recovery of accounts receivable.) 670973 20243 (To record collection of accounts receivable.)