Charleston, Incorporated has Accounts Receivable of $260,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a customer account balance of $1,600, what is the amount of its net accounts receivable? Multiple Choice $260,000 $242,400 $244,000 $258,400
Charleston, Incorporated has Accounts Receivable of $260,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a customer account balance of $1,600, what is the amount of its net accounts receivable? Multiple Choice $260,000 $242,400 $244,000 $258,400
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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![Charleston, Incorporated has Accounts Receivable of $260,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a customer account
balance of $1,600, what is the amount of its net accounts receivable?
Multiple Choice
$260,000
$242,400
$244,000
$258,400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa19806b8-d3b5-4ff0-94b7-24a78504135c%2F90b7598f-3246-416c-986f-ddb7dbe4cd1a%2Fe762nmk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Charleston, Incorporated has Accounts Receivable of $260,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a customer account
balance of $1,600, what is the amount of its net accounts receivable?
Multiple Choice
$260,000
$242,400
$244,000
$258,400
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