Accounts Receivable Has a Balance of $5 000 and the Allowance

question 54

Multiple Choice

Accounts receivable has a balance of $5 000 and the Allowance for doubtful debts has a credit balance of $440. What is Net accounts receivable after a $160 account receivable is written off?

• A)$5 000
• B)$4 400
• C)$4 720
• D)$4 560

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Definitions:

Allies

States, organizations, or individuals that cooperate or join forces for mutual benefit, often in political, military, or economic contexts.

Final Agreement

The conclusion of negotiations or discussions resulting in a formal and binding contractual arrangement.

Wartime Work Force

The labor pool engaged in or available for work during a period of armed conflict, often including increased roles for women and minority groups.

Public Response

The collective reaction or feedback of the general populace to events, policies, or specific issues within society.