Evans Corporation started the year with a $7,200 balance in accounts receivable and a $350 balance in the allowance for doubtful accounts. The company had credit sales (sales on account) of $15,000, collections on accounts receivable of $13,000, and wrote off uncollectible accounts of $275 during the year. The company uses the allowance method and believes that 2 percent of its credit sales will be uncollectible.

1. The balance in the accounts receivable account at the end of the year would be

a. $8,550. b. $8,925. c. $9,125. d. $9,200.

2. The amount of uncollectible accounts expense appearing on the years income statement would be

a. $ 0 b. $ 75. c. $275. d. $300.

3. The net realizable value of receivables at the end of the year would be

a. $8,275. b. $8,550. c. $8,925. d. $9,125.