Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
Net receivables (net realizable value) after the write-off equals option (a) i.e, $2,100.
Given that $80 has been written off, accounts Receivable have a $2,300 balance, and the allowance for Doubtful accounts has a $200 credit balance.
The balance must be deducted from the accounts receivable while also being deducted from the account credit balance. We may construct the following equation to calculate the net receivables:
N=(R-W)-(C-W)
where;
N = Net realizable value
R = Accounts receivable
W = Written off accounts receivables
C = Credit balance
In our case;
N=unknown
R=$2,300
W=$80
C=$200
replacing;
N=(2,300₋80)₋(200₋80)
N=(2,220₋120)=2,100
N=$2,100
The net realizable value after the write-off equals $2,100.
To know more about net realizable value refer to: https://brainly.com/question/13488849
#SPJ4
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.