Homework Answers
Solution a:
| Account title | Debit | Credit |
| Allowance for Doubtful accounts | $4480 | |
| Accounts receivables | $4480 |
Solution b:
Cash realizable value Before write off = $727400 - $27280 = $700,120
Cash realizable value After write off = ($727400 - $4480) - ($27280- $4480) = $700,120
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