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Robinson Manufacturing had accounts receivable of $375,000 and an allowance for doubtful accounts of $12,500 just before writing off as uncollectible an account receivable from Nichols Company of $2,800. The net realizable value of the accounts receivable before and after the write-off was: A. $362,500 before and $362,500 after. B. $372,200 before and $369,400 after. C. $375,000 before and $372,200 after. D. $362,500 before and $359,700 after.

Robinson Manufacturing had accounts receivable of $375,000 and an allowance for doubtful accounts of $12,500 just before writing off as uncollectible an account receivable from Nichols Company of $2,800. The net realizable value of the accounts receivable before and after the write-off was: A. $362,500 before and $362,500 after. B. $372,200 before and $369,400 after. C. $375,000 before and $372,200 after. D. $362,500 before and $359,700 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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Robinson Manufacturing had accounts receivable of $375,000 and an allowance for doubtful accounts of $12,500 just before writing off as uncollectible an account receivable from Nichols Company of $2,800. The net realizable value of the accounts receivable before and after the write-off was: A. $362,500 before and $362,500 after. B. $372,200 before and $369,400 after. C. $375,000 before and $372,200 after. D. $362,500 before and $359,700 after.
Transcribed Image Text:Robinson Manufacturing had accounts receivable of $375,000 and an allowance for doubtful accounts of $12,500 just before writing off as uncollectible an account receivable from Nichols Company of $2,800. The net realizable value of the accounts receivable before and after the write-off was: A. $362,500 before and $362,500 after. B. $372,200 before and $369,400 after. C. $375,000 before and $372,200 after. D. $362,500 before and $359,700 after.
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