The following information was taken from the company's records at the end of 2013.
-Refer to Atlantis Tropicals. Assume that the net realizable value is $210,000 after the adjustment for bad debts in 2013. How much is the net realizable value of accounts receivable after a customer's account of $15,000 is written off? Explain why.

Question

The following information was taken from the company's records at the end of 2013. 
-Refer to Atlantis Tropicals. Assume that the net realizable value is $210,000 after the adjustment for bad debts in 2013. How much is the net realizable value of accounts receivable after a customer's account of $15,000 is written off? Explain why.

Quizplus · Accepted Answer

The Answer of The following information was taken from the company's records at the end of 2013. 
-Refer to Atlantis Tropicals. Assume that the net realizable value is $210,000 after the adjustment for bad debts in 2013. How much is the net realizable value of accounts receivable after a customer's account of $15,000 is written off? Explain why.

The Following Information Was Taken from the Company's Records at the End