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A company that uses the allowance method, writes - off a receivable of $3,000 Prior to the journal entry, the credit balance in the Allowance for Uncollectible Accounts was $21,432 and Accounts Receivable were $2.007.000 After the entry to write- off the receivable is made, the net realizable value of Accounts Receivable will be O A. $1,985,568. OB. $1,982,568. OC. $2,007,000 O D. $2,004,000

A company that uses the allowance method, writes - off a receivable of $3,000 Prior to the journal entry, the credit balance in the Allowance for Uncollectible Accounts was $21,432 and Accounts Receivable were $2.007.000 After the entry to write- off the receivable is made, the net realizable value of Accounts Receivable will be O A. $1,985,568. OB. $1,982,568. OC. $2,007,000 O D. $2,004,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company that uses the allowance method, writes - off a receivable of $3.000 Prior to the journal entry, the credit balance in the Allowance for Uncollectible Accounts was $21.432 and Accounts Receivable were $2.007.000 After the entry to write - off the receivable is made, the net realizable value of Accounts Receivable will be O A. $1,985,568. O B. $1,982,568. O C. $2,007,000. O D. $2,004,000. Click to select your answer. 956 PM P Type here to search 5/19/2021 7 8. %23 2 3 4. T Y K DaUse
Transcribed Image Text:A company that uses the allowance method, writes - off a receivable of $3.000 Prior to the journal entry, the credit balance in the Allowance for Uncollectible Accounts was $21.432 and Accounts Receivable were $2.007.000 After the entry to write - off the receivable is made, the net realizable value of Accounts Receivable will be O A. $1,985,568. O B. $1,982,568. O C. $2,007,000. O D. $2,004,000. Click to select your answer. 956 PM P Type here to search 5/19/2021 7 8. %23 2 3 4. T Y K DaUse
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