Chicago corporation which uses the allowance method has, Ask an Expert

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Chicago Corporation, which uses the allowance method, has accounts receivable of $25,400 and an allowance for uncollectible accounts of $4,900. An account receivable from Tom Novak of $2,200 is deemed to be uncollectible and is written off.

What is the amount of net accounts receivable before and after the write-off?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91711695

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