Accounts receivable has a balance of $30,000 and the Allowance for Bad Debts has a of $3,000. The allowance method is used. What is the net realizable value before and after a Account Receivable is written off? A) $16,000; $15, 940 B) S14, 300; $14, 300 C) $16,000; $16,000 D) $27,000; $27,000 On January 16, Whole Circle sold goods worth $5,000 to Smith on account. It could not collect from the customer, and finally decided to write off the account. Give journal entry to record the write - off assuming that the company uses the allowance method. Accounts receivable has a balance of $30,000 and the Allowance for Bad Debts has a of $3,000. The allowance method is used. What is the net realizable value before and after a Account Receivable is written off? A) $16,000; $15, 940 B) S14, 300; $14, 300 C) $16,000; $16,000 D) $27,000; $27,000 On January 16, Whole Circle sold goods worth $5,000 to Smith on account. It could not collect from the customer, and finally decided to write off the account. Give journal entry to record the write - off assuming that the company uses the allowance method