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Business, 23.03.2020 16:28 multibeastpr

At the end of 2017, Carpenter Co. has accounts receivable of $778,100 and an allowance for doubtful accounts of $63,200. On January 24, 2018, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $7,400.
Prepare the journal entry to record the write-off.

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