At the end of 2020 Metlock Company has accounts receivable of 752 000 and an allowance for doubtful accounts of 37 600 On

Question

At the end of 2020 Metlock Company has accounts receivable of 752 000 and an allowance for doubtful accounts of 37 600 On January 16 2021 Metlock Company determined that its receivable from Ramirez Company of 5 640 will not be collected and management authorized its write off a Prepare the journal entry for Metlock Company to write off the Ramirez receivable If no entry is required select No Entry for the account titles and enter O for the amounts Credit account titles are automatically indented when the amount is entered Do not indent manually Date Jan 16 2021 Account Titles and Explanation Debit Credit

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