Business, 17.03.2020 02:10 yoboi33

On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts
was $1,400. On January 15, 2013 a $400 uncollectible account was written-off. The net realizable value of accounts
receivable immediately after the write-off is:

A. 518.100.

B. $16,700.

C. 517.100.

D. $17,500.

On January 1, 2013 Garcia Company had an $8.000 balance in the Accounts Receivable account and a zero balance in the
Allowance for Doubtful Accounts account. During 2013, Garcia provided $52,000 of service on account. The company
collected $48,500 cash from account receivable. Uncollectible accounts are estimated to be 2% of sales on account.

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On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for...

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