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ra1l [238]
3 years ago
7

During the year, Kiner Company made an entry to write off a $32,000 uncollectible account. Before this entry was made, the balan

ce in accounts receivable was $400,000 and the balance in the allowance account was $36,000. The net realizable value of accounts receivable after the write-off entry was _______
Business
1 answer:
azamat3 years ago
4 0

Answer:

balance in bills receivables account = $364000

Explanation:

given data

write off =  $32000

balance in accounts receivable = $400000

balance in allowance account = $36000

to find out

net realizable value of accounts receivable

solution

we first find credit balance in allowance that is

credit balance in allowance = $36000 - $32000

credit balance in allowance = $4000

and

so here balance in bills receivables account is

balance in bills receivables account =  ( $400000 - $32000 ) - ( $36000 - $32000 )

balance in bills receivables account = $368000 - $4000

balance in bills receivables account = $364000

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Answer:

a

Explanation:

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3 years ago
What is meant by management being multidimensional​
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As explained in your textbook, the three main parts of a speech are called the
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Answer:

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Explanation:

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7 0
3 years ago
If the sales volume decreases by 25%, the variable cost per unit increases by 15%, and all other factors remain the same, net op
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Answer: decrease by $31,875

Explanation:

Net Operating income;

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Decrease by $31,875

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3 years ago
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