On December 31, 2014, Extreme Fitness has adjusted balances of $870,000 in Accounts Receivable and $69,000 in Allowance for Doubtful Accounts. On January 2, 2015, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $17,000.

a. What amount would the company report as its net accounts receivable on December 31, 2014
b. Prepare the journal entry to write off the accounts on January 2, 2015. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Assuming no other transactions occurred between December 31, 2014, and January 3, 2015, what amount would the company report as its net accounts receivable on January 3, 2015?
c-2. Has Net Accounts Receivable changed from December 31, 2014?

a. Yes
b. No