On January 1, 2019, the accounts receivable balance for Heaven Company was $42,000 and the balance in the allowance for doubtful accounts was $4,200. On that day, a $1,800 doubtful account was written-off.
The net realizable value of accounts receivable immediately after the write-off is:

Question

Quizplus · Accepted Answer

The journal entry to write off an account receivable does not affect a company's total assets.
Allowance for doubtful accounts 1,800
Accounts receivable - customer account 1,800
To write off the customer's account receivable.
 11ee7640_e1d3_9c24_90da_93fcd1745931_TBCB1007_00

On January 1, 2019, the Accounts Receivable Balance for Heaven