Samuel, Inc. has Accounts Receivable of $260,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a customer account balance of $1,600, what is the amount of its net accounts receivable

Net accounts receivable before write-off = $244,000

Net accounts receivable after write-off  = $229600

Explanation:

given data

Accounts Receivable = $260,000

Allowance for Doubtful Accounts = $16,000

writes-off  customer account balance = $1,600

solution

we get her Net accounts receivable that is express as

Net accounts receivable = Accounts Receivable -  Allowance for Doubtful Accounts    1

so here before write-off Net accounts receivable  is

Net accounts receivable = $260,000 - $16,000

Net accounts receivable = $244,000

and

after write-off  

writes-off a customer account balance entry as

Allowance  Doubtful Account =  $1,600 Debit

Accounts Receivable =  $1,600 Credit

so

Net accounts receivable after write-off

Net accounts receivable = $244,000 - ($16000 - 1600 )

Net accounts receivable  = $229600

definitely a

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