Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our 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
We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.
