Taylor, Inc. had accounts receivable of $270,000 and an allowance for doubtful a
ID: 2361455 • Letter: T
Question
Taylor, Inc. had accounts receivable of $270,000 and an allowance for doubtful accounts of $20,300 just before writing off as worthless an account receivable from Burton Company of $1,480. The net realizable value of the accounts receivable before and after the write-off were:
Taylor, Inc. had accounts receivable of $270,000 and an allowance for doubtful accounts of $20,300 just before writing off as worthless an account receivable from Burton Company of $1,480. The net realizable value of the accounts receivable before and after the write-off were:
Explanation / Answer
$249,700 before and $248,220 after