During the year, Redmond Corporation made an entry to write off a $7,500 uncollectible account. Before this entry was made, the balance in accounts receivable was $250,000, and the balance in the allowance for doubtful accounts was $18,500. What is the net realizable value (NRV) of accounts receivable after the write- off entry?

During the year, Redmond Corporation made an entry to write off a $7,500 uncollectible account. Before this entry was made, the balance in accounts receivable was $250,000, and the balance in the allowance for doubtful accounts was $18,500. What is the net realizable value (NRV) of accounts receivable after the write- off entry?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 26Q: A customer was unable to pay the accounts receivable on time in the amount of $34,000. The customer...

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The net realisable value of the account receivable before and after the write off was .