Write-offs...

Suppose a companys credit department (using the percent-of-sales method) writes-off $25 of an uncollectible account receivable. What is the entry to record the write-off?

Suppose a companys credit department (using the aging-of-receivables method) writes-off $25 of an uncollectible account receivable. What is the entry to record the write-off?

Suppose a companys credit department (using the direct write-off method) writes-off $25 of an uncollectible account receivable. What is the entry to record the write-off?

NRV...

Suppose a companys credit department (using the percent-of-sales method) shows a $100 debit balance in Accounts Receivable and expects $40 of it will not be collected. If the debit balance in Uncollectible Account (Bad Debt) Expense is $30, what does the company report as NRV (i.e. net realizable value, or net accounts receivable) on its balance sheet?

Suppose a companys credit department (using the aging-of-receivables method) shows a $100 debit balance in Accounts Receivable and expects $40 of it will not be collected. If the debit balance in Uncollectible Account (Bad Debt) Expense is $30, what does the company report as NRV (i.e. net realizable value, or net accounts receivable) on its balance sheet?

Suppose a companys credit department (using the direct write-off method) shows a $100 debit balance in Accounts Receivable and expects $40 of it will not be collected. If the debit balance in Uncollectible Account (Bad Debt) Expense is $30, what does the company report as NRV (i.e. net realizable value, or net accounts receivable) on its balance sheet?

NRV (post write-off)...

Suppose a companys credit department uses an allowance method (percent-of-sales or aging-of-receivables). It currently shows a $100 debit balance in Accounts Receivable and expects $40 of it will not be collected. If the company writes-off $25 of an uncollectible account receivable, what does the company report as NRV (i.e. net realizable value, or net accounts receivable) on its balance sheet after the write-off?

Suppose a companys credit department uses the direct write-off method. It currently shows a $100 debit balance in Accounts Receivable and expects $40 of it will not be collected. If the company writes-off $25 of an uncollectible account receivable, what does the company report as NRV (i.e. net realizable value, or net accounts receivable) on its balance sheet after the write-off?