Business, 26.03.2020 03:30, Moo12345

At the end of 2016, wildhorse co. has accounts receivable of $690,100 and an allowance for doubtful accounts of $25,090. 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 $3,913. 2. on march 4, 2017, wildhorse co. receives payment of $3,913 in full from madonna inc.

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At the end of 2016, wildhorse co. has accounts receivable of $690,100 and an allowance for doubtful...