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Question 5 of 13 - / 1 View Policies Current Attempt in Progress At the...

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Accounting

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Question 5 of 13 - / 1 View Policies Current Attempt in Progress At the end of 2021, Blossom Company has accounts receivable of $781,300 and an allowance for doubtful accounts of $37,200. 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 $7,100. (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

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