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The general ledger shows: Accounts Receivable $100,000 Allowance for Doubtful Accounts $5,000 (credit balance) Sales $1,000,000 If the company wrote off an account as uncollectible for $500, the accounts receivable net realizable value after the write-off would be: a. $99,000. b. $95,000. c. $94,000. d. Some Other Amount.

The general ledger shows: Accounts Receivable $100,000 Allowance for Doubtful Accounts $5,000 (credit balance) Sales $1,000,000 If the company wrote off an account as uncollectible for $500, the accounts receivable net realizable value after the write-off would be: a. $99,000. b. $95,000. c. $94,000. d. Some Other Amount.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please solve this question general accounting

The general ledger shows: Accounts Receivable $100,000 Allowance for Doubtful Accounts $5,000 (credit balance) Sales $1,000,000 If the company wrote off an account as uncollectible for $500, the accounts receivable net realizable value after the write-off would be: a. $99,000. b. $95,000. c. $94,000. d. Some Other Amount.
Transcribed Image Text:The general ledger shows: Accounts Receivable $100,000 Allowance for Doubtful Accounts $5,000 (credit balance) Sales $1,000,000 If the company wrote off an account as uncollectible for $500, the accounts receivable net realizable value after the write-off would be: a. $99,000. b. $95,000. c. $94,000. d. Some Other Amount.
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