Business, 18.11.2019 21:31, ZoomZoom44

At the end of 2016, sunland company has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200.1.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 $4,245.
2.on march 4, 2017, sunland company receives payment of $4,245 in full from madonna inc.

prepare the journal entries to record this transaction.

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At the end of 2016, sunland company has accounts receivable of $653,700 and an allowance for doubtfu...