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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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