Question
Prior to writing off a $600 Account Receivable on December 15, 2019, ABC Company had a balance in Accounts Receivable of $90,000 and a Credit
Prior to writing off a $600 Account Receivable on December 15, 2019, ABC Company had a balance in Accounts Receivable of $90,000 and a Credit Balance in Allowance for Doubtful Accounts of $4,000. Determine Net Accounts Receivable (aka Net Realizable Value) AFTER the $600 account has been written off.
| $90,000 | ||
| $86,600 | ||
| $85,400 | ||
| $86,000 |
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Principles Of Accounting
Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
