Refer to questions 6 and 7. Early the following year, Harper wrote off \(\$ 150\) of old receivables as uncollectible. The balance in the Allowance account is now The next four questions use the following data:

On August 1, 2019, Maritimes Ltd. sold equipment and accepted a six-month, \(9 \%, \$ 10,000\) note receivable. Maritimes's year-end is December 31.

Questions 6

Accounts Receivable has a debit balance of \(\$ 3,200\), and (1) the Allowance for Uncollectible Accounts has a credit balance of \(\$ 300\). A \(\$ 100\) accounts receivable is written off. What is the amount of net receivables (net realizable value) after the write off?

a. \(\$ 2,800\)

b. \(\$ 2,900\)

c. \(\$ 3,000\)

d. \(\$ 3,100\)

Questions 7

Refer to question 6. The balance of Allowance for Uncollectible Accounts, after adjustment, will be

a. \(\$ 100\).

b. \(\$ 200\).

c. \(\$ 300\).

d. impossible to determine from the information given.