Accounts Receivable Has a Balance of $33,000,and the Allowance for Bad

question 150

Multiple Choice

Accounts Receivable has a balance of $33,000,and the Allowance for Bad Debts has a credit balance of $3300.The allowance method is used.What is the net realizable value of Accounts Receivable before and after a $2300 account receivable is written off?

• A) $29,700; $29,700
• B) $27,400; $27,400
• C) $29,700; $27,400
• D) $27,400; $32,000

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Definitions:

Epiglottis

A leaf-shaped flap of cartilage located behind the tongue at the top of the larynx; its function is to seal off the windpipe during eating, to prevent food from entering the airway.

Larynx

A structure in the throat containing the vocal cords; it is involved in breathing, producing sound, and protecting the trachea against food aspiration.

Alveoli

are the tiny air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place.

Gas Exchange

The biological process by which gases (mainly oxygen and carbon dioxide) are transferred between the blood and the external environment during the act of breathing.