Question

Accounts Receivable has a balance of $ 4 comma 000$4,000​, and the Allowance for Bad Debts has a credit balance of $ 450$450. The allowance method is used. What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written​ off?

Answer 1

What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written​ off? is $3550

Step-by-step explanation:

Account receivable 4000

Allowance bad debts 450

Net realizable =(400-140)-(450-140)

=3860-310

=3550