Accounts Receivable has a debit balance of $3,200, and the Allowance for Uncollectible Accounts has a credit balance of $300. A $100 accounts receivable is written off. What is the amount of net receivables (net realizable value) after the write off?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Accounts Receivable has a debit balance of $3,200, and the Allowance for Uncollectible Accounts has a credit balance of
$300. A $100 accounts receivable is written off. What is the amount of net receivables (net realizable value) after the
write off?
Transcribed Image Text:Accounts Receivable has a debit balance of $3,200, and the Allowance for Uncollectible Accounts has a credit balance of $300. A $100 accounts receivable is written off. What is the amount of net receivables (net realizable value) after the write off?
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