At the end of 2017, carpenter co. has accounts receivable of $745,400 and an allowance for doubtful accounts of $61,900. 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. on march 4, 2018, carpenter co. receives payment of $7,400 in full from megan gray. prepare the journal entries to record this transaction.

Jorge is attending college next year. he just got information on the college costs and the financial aid package the college is offering. jorge knows his parents can contribute $4,500 each year. jorge’s college costs & financial aid package per year costs financial aid package tuition & fees grants & scholarship $26,000 $18,500 room & board work-study $12,500 $8,500 how much will jorge need to pay each year from his own savings and from loans? $3,000 $7,000 $7,500 $11,500