Taylor, Inc. had accounts receivable of $250,000 and an allowance for doubtful a
ID: 2360603 • Letter: T
Question
Taylor, Inc. had accounts receivable of $250,000 and an allowance for doubtful accounts of $20,500 just before writing off as worthless an account receivable from Burton Company of $1,000. The net realizable value of the accounts receivable before and after the write-off were:
Taylor, Inc. had accounts receivable of $250,000 and an allowance for doubtful accounts of $20,500 just before writing off as worthless an account receivable from Burton Company of $1,000. The net realizable value of the accounts receivable before and after the write-off were:
Explanation / Answer
$229,500 before and $229,500 after.