School Supplies Company made the following journal entries (1) to write off an account judged to be uncollectible and (2) to record bad debt expense for 20A: As a result of the first entry only, the book value (net realizable value) of trade receivable was (a) ; as a result of the second entry only, the book value (net realizable value) of trade receivable was (b) :

Question

School Supplies Company made the following journal entries (1) to write off an account judged to be uncollectible and (2) to record bad debt expense for 20A:

As a result of the first entry only, the book value (net realizable value) of trade receivable was (a) ; as a result of the second entry only, the book value (net realizable value) of trade receivable was (b) :

Quizplus · Accepted Answer

The Answer of School Supplies Company made the following journal entries (1) to write off an account judged to be uncollectible and (2) to record bad debt expense for 20A:  As a result of the first entry only, the book value (net realizable value) of trade receivable was (a); as a result of the second entry only, the book value (net realizable value) of trade receivable was (b):

School Supplies Company Made the Following Journal Entries (1) to Write