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On January 1, 2014, Howe Company's Accounts Receivable balance was $10,500 and the balance in the Allowance for Doubtful Accounts was $525. On January 5,
On January 1, 2014, Howe Company's Accounts Receivable balance was $10,500 and the balance in the Allowance for Doubtful Accounts was $525. On January 5, 2014, a $250 uncollectible account was written-off as uncollectible. Assuming that no other transactions related to accounts receivable had occurred, the net realizable value of accounts receivable immediately after the write-off was $10,500. $9,975. $10,250. $9,725.
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