Homework Answers
a) Journal entry
| Account title and explanation | Debit | Credit |
| Allowance for doubtful accounts | 4359 | |
| Account receivable | 4359 |
b) Cash realizable value
| Before write off | After write off | |
| Cash realizable value | 718400-22800 = 695600 | (718400-4359)-(22800-4359) = 695600 |
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