Tabor Company had trade receivables of $450,000 and an allowance for doubtful accounts of $15,500 just prior to writing off as worthless a trade receivable from Fox Company of $5,000.What was the net realizable value of trade receivables as shown by the accounting record before and after the write-off?

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The Answer of Tabor Company had trade receivables of $450,000 and an allowance for doubtful accounts of $15,500 just prior to writing off as worthless a trade receivable from Fox Company of $5,000.What was the net realizable value of trade receivables as shown by the accounting record before and after the write-off?

Tabor Company Had Trade Receivables of $450,000 and an Allowance