On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts was $1,400. On January 15, 2013 a $400 uncollectible account was written-off. The net realizable value of accounts receivable immediately after the write-off is:
A)$18,100.
B)$16,700.
C)$17,100.
D)$17,500.

Question

Quizplus · Accepted Answer

$18,500 - $400 = $18,100 accounts receivable balance after the write-off; $1,400 - $400 = $1,000 allowance balance after the write-off; $18,100 - $1,000 = $17,100 net realizable value after the write-off.

On January 1, 2013, the Accounts Receivable Balance Was $18,500