Prior to the write off of a $500 customer account, Parthenon Company had the following account balances:
The net realizable value of the Accounts Receivable before and after the write-off was:
Before After

Question

Prior to the write off of a $500 customer account, Parthenon Company had the following account balances:
 The net realizable value of the Accounts Receivable before and after the write-off was:
Before After

Quizplus · Accepted Answer

The journal entry to write off an account receivable does not affect a company's total assets.
Allowance for doubtful accounts 500
Accounts receivable - customer account 500
To write off the customer's account receivable.
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Prior to the Write Off of a $500 Customer Account