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# Brief Exercise 8-3 At the end of 2016, Sheridan Company has accounts receivable of $665,400 and... ###### Question: Brief Exercise 8-3 At the end of 2016, Sheridan Company has accounts receivable of$665,400 and an allowance for doubtful accounts of $23,480. 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$4,415. (a) Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(b) What is the cash realizable value of the accounts receivable before the write-off and after the write-off?

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