On January 1, 2014, Howe Company's Accounts Receivable balance was $11,400 and the balance in the Allowance for Doubtful Accounts was $570. On January 5, 2014, a $340 uncollectible account was written-off as uncollectible. Assuming that no other transactions related to accounts receivable had occurred, the net realizable value of accounts receivable immediately after the write-off was Multiple Choice A) $11,400. B) $10,830. C) $10,490. D) $11,060.

Question

Eduardo Pena

Business

11 March, 07:41

On January 1, 2014, Howe Company's Accounts Receivable balance was $11,400 and the balance in the Allowance for Doubtful Accounts was $570. On January 5, 2014, a $340 uncollectible account was written-off as uncollectible. Assuming that no other transactions related to accounts receivable had occurred, the net realizable value of accounts receivable immediately after the write-off was Multiple Choice A) $11,400. B) $10,830. C) $10,490. D) $11,060.

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Answers (1)

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Megan Holden · Answer 1

B) $10,830.

Explanation:

AR 11400

Allowance 570

net 10830

allowane 340

AR 340

AR 11060

Allowance 230

net 10830

The is no change in the net account receivable