Cortez Co. had accounts receivable totalling $450,000 and an allowance for doubtful accounts with a balance of $5,000 on June 1, 2018. On June 2 Cortez wrote off $2,400of uncollectible accounts. The net carrying value of accounts receivable before and after the write-off was:

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The net carrying value before the write-off is $445,000 ($450,000 - $5,000). After writing off $2,400, the allowance decreases to $2,600, keeping the net carrying value at $445,000 ($450,000 - $2,600).

Cortez Co Had Accounts Receivable Totalling $450,000 and an Allowance for for Doubtful