Accounts Receivable has a balance of $ 4 comma 000$4,000, and the Allowance for Bad Debts has a credit balance of $ 450$450. Th

Question

4 years ago

10

e allowance method is used. What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written off?

1 answer:

Darya [45] · Answer 1 · 2021-12-26T13:43:31+03:00

Answer:

What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written off? is $3550

Explanation:

Account receivable 4000

Allowance bad debts 450

Net realizable =(400-140)-(450-140)

=3860-310

=3550

Accounts Receivable has a balance of $ 4 comma 000$4,000​, and the Allowance for Bad Debts has a credit balance of $ 450$450. Th