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xam 2 Review Graded Question 6 of 8 > 0.33/1 View Policies Show Attempt History Current Attempt in Progress At the end of 2016, Sheridan Company has accounts receivable of $665,400 and an allowance for doubtful accounts of $23,480. 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 $4,415. Your answer is partially correct. Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Liabilities + Allow. For Accts. Rec. Doubtful Accts Common Stock Beg Bal. 665400 $ 23480 $ 641920 -4415 -4415 Jan. 24 Adj. Bal 660985 19065 Exam 2 Review Graded NWP Assessment Player Ul Application xam 2 Review Graded Question 6 of 8 0.33/1 !!! Que View Policies Show Attempt History Current Attempt in Progress Ques Accou Que ACCO At the end of 2016, Sheridan Company has accounts receivable of $665,400 and an allowance for doubtful accounts of $23,480. 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 $4,415. Qu ACE Your answer is partially correct. AC Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses 2.8. (45).) A Liabilities Stockholders' Equity Retained Earnings Exp. Rev. Common Stock $ i $ 641920 0 i 16 MacBook Pro Que Que Accou e Textbook and Media Que Acco Que ACCO X Your answer is incorrect. Que Accor What is the cash realizable value of the accounts receivable before the write-off and after the write-off? Que Acce Before Write-Off After Write-Off Cash realizable value $ $ Vie Acce e Textbook and Media Que Acco Qus Acco Save for Later Attempts: 1 of 3 used Submit Answer 16 MacBook Pro esc

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