On January 1, Year 1, the Accounts Receivable balance was $29,700 and the balance in the Allowance for Doubtful Accounts was $3,500. On January 15, Year 1, an $1,030 uncollectible account was written-off. What is the net realizable value of accounts receivable immediately after the write-off?

Multiple Choice

A $28,670

B $25,170

C $26,200

D $27,230

B)

On January 1, Year 2 Grande Company had a $24,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $84,000 of service on account. The company collected $80,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account.

B) What is the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows?

Multiple Choice

A $80,500

B $78,890

C $84,000

D $60,480