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Taylor, Inc. had accounts receivable of $270,000 and an allowance for doubtful accounts of $20,300 just before writing off as worthless an account receivable from
Taylor, Inc. had accounts receivable of $270,000 and an allowance for doubtful accounts of $20,300 just before writing off as worthless an account receivable from Burton Company of $1,480. The net realizable value of the accounts receivable before and after the write-off were: |
$249,700 before and $248,220 after. | |
$249,700 before and $249,700 after. | |
$270,000 before and $268,520 after. | |
$290,300 before and $288,820 after. |
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