Accounts Receivable for after write-off entries
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During the year,johns company made an entry to write off a $4000 uncollectible account. before this entry was made, the balance in accounts receivable was $50,000 and the balance in the allowance account was $4,500. the net realizable value of accounts receivable after the write-off entry was?
A) $50,000
B) $49,500
C) $41,500
D) $45,500
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Solution Summary
This solution goes through accounting concepts such as accounts receivable for after write-off entries.
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Computations:
Accounts Receivable (beginning balance)...............................$50,000
Less: Accounts receivable ...
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