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Solved by a verified expert :On December 31, 2017, Extreme Fitness has adjusted balances of $800,000 in Accounts Recelvable and $55,000 in Allowance for Doubtful Accounts. On January 2, 2018, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $10,000. a. What amount would the company report as its net accounts recelvable on December 31, 2017? b. Prepare the journal entry to write off the accounts on January 2, 2018. c. Assuming no other transactions occurred between December 31, 2017, and January 3, 2018, what amount would the compa ny report as its net accounts receivable on January 3, 2018? Has net accounts receivable changed from December 31, 2017? Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Req C2 Asmming no other tanstion ocurred betiween Decembe 201, 2017, an uary 3,2018, wnat mount woud the s occurred between December 31, 2017, and January 3, 2018, what amount would the company report as its net accounts receivable on January 3, Req B Req C2 >