The following item appeared on the December 31, 2006, balance sheet of The Green Gardener: Receivables, less allowance of $650 …..$9,600
On January 5, 2007, owner Shawn Vickers wrote off a $100 customer account. A balance sheet prepared immediately after the write- off entry would show:
A) Receivables, less allowance of $550 …..$9,600
B) Receivables, less allowance of $750 …..$9,700
C) Receivables, less allowance of $650 …..$9,600
D) Receivables, less allowance of $750 …..$9,600
Correct Answer:
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