Question
a) At the end of 2017, Carpenter Co. has accounts receivable of $736,800 and an allowance for doubtful accounts of $62,000. On January 24, 2018,
a) At the end of 2017, Carpenter Co. has accounts receivable of $736,800 and an allowance for doubtful accounts of $62,000. On January 24, 2018, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $5,500.
I already have the answer to part a). I'm looking for the answer two part b) (below)
MY QUESTIONS IS...from the above information...
b) What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off?
(1) ______________ (2) __________________
Thank you!
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