Texter Company Has a Balance of $65,000 in Accounts Receivable

question 9

Multiple Choice

Texter Company has a balance of $65,000 in Accounts Receivable and a $5,000 credit balance in Allowance for Doubtful Accounts. If a specific customer's account with a balance of $500 is written off as uncollectible, the cash (or net) realizable value of the accounts receivable will be:

• A) $64,500.
• B) $60,000.
• C) $65,500.
• D) $60,500.

---

Definitions:

Vestibular Glands

Glands located near the vaginal opening, responsible for secreting lubricating fluid.

Mons Pubis

Prominence caused by a pad of fatty tissue over the symphysis pubis in the female.

Uterine Cycle

Series of events that occur in a regular fashion in the uterus of sexually mature, nonpregnant females; prepares the uterine lining for implantation of the embryo.

Menses

Periodic hemorrhage from the uterine mucous membrane, occurring at approximately 28-day intervals.