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

question 132

Multiple Choice

Accounts receivable has a balance of $5,000 and the Allowance for Bad Debts has a credit balance of $440. The allowance method is used. What is the net realizable value after a $160 account receivable is written off?

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

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