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On December 31, 2017, Extreme Fitness has an adjusted balance of $890.000 in Accounts Receivable....

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Accounting

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On December 31, 2017, Extreme Fitness has an adjusted balance of $890.000 in Accounts Receivable. On January 2, 2018, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $62.300. Extreme Fitness uses the direct write-off method a. What amount would the company report as its net accounts receivable on December 31, 2017? b. Prepare the journal entry to write off the accounts on January 2, 2013 c. Assuming no other transactions occurred between December 31, 2017, and January 3, 2018, what amount would the company report as its net accounts receivable on January 3, 20187 Has net accounts receivable changed from December 31, 20177 Complete this question by entering your answers in the tabs below Req B Req C1 Req C2 the company report as its net accounts receivable on December 31, 20177

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