At the end of 2016, Nash's Trading Post, LLC has accounts receivable of $635,600 and an allowance for doubtful accounts of $23,140. 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 $4,210.(a) Prepare the journal entry to record the write-off.
(b) What is the cash realizable value of the accounts receivable before the write-off and after the write-off?

The computation and journal entry is shown below.

Explanation:

According to the scenario, the computation of the given data are as follows:

(a). The journal entry are as follows:

Allowance for doubtful A/c Dr.   $4,210

To Accounts Receivable A/c   $4,210

(Being the amount write off is recorded)

(b). Cash realizable value before write off can be calculated as follows:

Cash realizable value before write off = Receivable balance - Doubtful A/c Allowance

By putting the value, we get

Cash realizable value before write off  = $635,600 - $23,140

= $612460

And ash realizable value after write off can be calculated as follows:

Cash realizable value before write off = ($635,600 - $4,210)- ($23,140 - $4,210)

= $612,460

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.