Oakwood Company had accounts receivable of $750,000 and an allowance for doubtful accounts of $21,500 just prior to writing off as worthless a customer's $5,000 account receivable. The net realizable value of Oakwood's accounts receivable as shown by the accounting records before and after the write-off was as follows:
A) Option A
B) Option B
C)Option C
D)Option D

Question

Oakwood Company had accounts receivable of $750,000 and an allowance for doubtful accounts of $21,500 just prior to writing off as worthless a customer's $5,000 account receivable. The net realizable value of Oakwood's accounts receivable as shown by the accounting records before and after the write-off was as follows: 
A) Option A 
B) Option B 
C)Option C 
D)Option D

Quizplus · Accepted Answer

The Answer of Oakwood Company had accounts receivable of $750,000 and an allowance for doubtful accounts of $21,500 just prior to writing off as worthless a customer's $5,000 account receivable. The net realizable value of Oakwood's accounts receivable as shown by the accounting records before and after the write-off was as follows: 
A) Option A 
B) Option B 
C)Option C 
D)Option D

Oakwood Company Had Accounts Receivable of $750,000 and an Allowance