Accounts Receivable has a balance of $30,000, and the Allowance for Bad Debts has a credit balance of $3,200. The allowance method is used. What is the net realizable value of Accounts Receivable before and after a $2,100 account receivable is written off? OA. $24,700; $28,900 B. $26,800; $26,800 OC. $26,800; $24,700 D. $24,700; $24,700

Accounts Receivable has a balance of $30,000, and the Allowance for Bad Debts has a credit balance of $3,200. The allowance method is used. What is the net realizable value of Accounts Receivable before and after a $2,100 account receivable is written off? OA. $24,700; $28,900 B. $26,800; $26,800 OC. $26,800; $24,700 D. $24,700; $24,700

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 1CE

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