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Lakeside Electronics made an entry to write off a $4,500 uncollectible account. Before the entry, the balance in accounts receivable was $120,000 and the balance in the allowance for doubtful accounts was $10,000. What is the net realizable value of accounts receivable after the write-off entry? A. $120,000 B. $114,000 C. $110,000 D. $106,000

Lakeside Electronics made an entry to write off a $4,500 uncollectible account. Before the entry, the balance in accounts receivable was $120,000 and the balance in the allowance for doubtful accounts was $10,000. What is the net realizable value of accounts receivable after the write-off entry? A. $120,000 B. $114,000 C. $110,000 D. $106,000

College Accounting, Chapters 1-27
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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What is the net realizable value of accounts receivable after the write off entry on these general accounting question?

Lakeside Electronics made an entry to write off a $4,500 uncollectible account. Before the entry, the balance in accounts receivable was $120,000 and the balance in the allowance for doubtful accounts was $10,000. What is the net realizable value of accounts receivable after the write-off entry? A. $120,000 B. $114,000 C. $110,000 D. $106,000
Transcribed Image Text:Lakeside Electronics made an entry to write off a $4,500 uncollectible account. Before the entry, the balance in accounts receivable was $120,000 and the balance in the allowance for doubtful accounts was $10,000. What is the net realizable value of accounts receivable after the write-off entry? A. $120,000 B. $114,000 C. $110,000 D. $106,000
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