Cortez Co Had Accounts Receivable Totalling $450,000 and an Allowance for for Doubtful

question 51

Multiple Choice

Cortez Co. had accounts receivable totalling $450,000 and an allowance for doubtful accounts with a balance of $5,000 on June 1, 2018. On June 2 Cortez wrote off $2,400of uncollectible accounts. The net carrying value of accounts receivable before and after the write-off was:

• A)Before $450,000 | After $450,000
• B)Before $445,000 | After $442,600
• C)Before $450,000 | After $445,000
• D)Before $450,000 |After $447,600
• E)Before $445,000 | After $445,000

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Definitions:

Admissible Evidence

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