The balance of Accounts Receivable,net of the allowance account,is $70,000 before the write-off of a $5,600 account.What is the Accounts Receivable balance,net of the allowance account,after the write-off?

Question

Quizplus · Accepted Answer

The write-off of an account does not affect the net balance of Accounts Receivable because it reduces both the Accounts Receivable and the Allowance for Doubtful Accounts by the same amount. Therefore, the net balance remains $70,000.

The Balance of Accounts Receivable,net of the Allowance Account,is $70,000