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Murray Corporation has accounts receivable of $680,000 and an allowance for doubtful accounts of $32,500 before writing off an uncollectible account from Sunset Inc. for $4,200. What is the net realizable value of accounts receivable before and after the write-off? A. $680,000 before and $675,800 after B. $647,500 before and $643,300 after C. $647,500 before and $647,500 after D. $712,500 before and $708,300 after

Murray Corporation has accounts receivable of $680,000 and an allowance for doubtful accounts of $32,500 before writing off an uncollectible account from Sunset Inc. for $4,200. What is the net realizable value of accounts receivable before and after the write-off? A. $680,000 before and $675,800 after B. $647,500 before and $643,300 after C. $647,500 before and $647,500 after D. $712,500 before and $708,300 after

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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Murray Corporation has accounts receivable of $680,000 and an allowance for doubtful accounts of $32,500 before writing off an uncollectible account from Sunset Inc. for $4,200. What is the net realizable value of accounts receivable before and after the write-off? A. $680,000 before and $675,800 after B. $647,500 before and $643,300 after C. $647,500 before and $647,500 after D. $712,500 before and $708,300 after
Transcribed Image Text:Murray Corporation has accounts receivable of $680,000 and an allowance for doubtful accounts of $32,500 before writing off an uncollectible account from Sunset Inc. for $4,200. What is the net realizable value of accounts receivable before and after the write-off? A. $680,000 before and $675,800 after B. $647,500 before and $643,300 after C. $647,500 before and $647,500 after D. $712,500 before and $708,300 after
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