On January 1,Year 1,the Accounts Receivable balance was $37,000 and the balance in the Allowance for Doubtful Accounts was $2,800.On January 15,Year 1,an $800 uncollectible account was written-off.What is the net realizable value of accounts receivable immediately after the write-off?

Question

Quizplus · Accepted Answer

Accounts receivable after the write-off = $37,000 - $800 = $36,200
Allowance for doubtful accounts after the write-off = $2,800 - $800 = $2,000
Net realizable value = Accounts receivable of $36,200 - Allowance for doubtful accounts of $2,000 = $34,200

On January 1,Year 1,the Accounts Receivable Balance Was $37,000 and the Balance