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The general ledger shows: Accounts Receivable = $120,000 Allowance for Doubtful Accounts = $6,000 (credit balance) Sales $1,200,000 If the company wrote off an account as uncollectible for $1,000, the Accounts Receivable Net Realizable Value after the write-off would be: a) $119,000 b) $112,000 c) $114,000 d) Some Other Amount

The general ledger shows: Accounts Receivable = $120,000 Allowance for Doubtful Accounts = $6,000 (credit balance) Sales $1,200,000 If the company wrote off an account as uncollectible for $1,000, the Accounts Receivable Net Realizable Value after the write-off would be: a) $119,000 b) $112,000 c) $114,000 d) Some Other Amount

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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The general ledger shows: Accounts Receivable = $120,000 Allowance for Doubtful Accounts = $6,000 (credit balance) Sales $1,200,000 If the company wrote off an account as uncollectible for $1,000, the Accounts Receivable Net Realizable Value after the write-off would be: a) $119,000 b) $112,000 c) $114,000 d) Some Other Amount
Transcribed Image Text:The general ledger shows: Accounts Receivable = $120,000 Allowance for Doubtful Accounts = $6,000 (credit balance) Sales $1,200,000 If the company wrote off an account as uncollectible for $1,000, the Accounts Receivable Net Realizable Value after the write-off would be: a) $119,000 b) $112,000 c) $114,000 d) Some Other Amount
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