Business, 19.03.2020 07:59, smolemily

At the end of 2016, blossom company has accounts receivable of $691,500 and an allowance for doubtful accounts of $25,740. 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 $3,943. 2. on march 4, 2017, blossom company receives payment of $3,943 in full from madonna inc.

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At the end of 2016, blossom company has accounts receivable of $691,500 and an allowance for doubtfu...