Problemon january 1 2014 howe companys accounts receivable, Ask an Expert

Accounting

Problem:

On January 1, 2014, Howe Company's Accounts Receivable balance was $11,300 and the balance in the Allowance for Doubtful Accounts was $565. On January 5, 2014, a $330 uncollectible account was written-off as uncollectible. .

Required:

Question: Assuming that no other transactions related to accounts receivable had occurred, the net realizable value of accounts receivable immediately after the write-off was

11,300
10,970
10,735
10,405

Note: Be sure to show how you arrived at your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165851

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