At the end of 2016, sunland company has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200.
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 $4,245.
on march 4, 2017, sunland company receives payment of $4,245 in full from madonna inc.

prepare the journal entry to record the write-off. (credit account titles are automatically indented when amount is entered. do not indent manually.)

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)