Prior to the write-off of a $2,000 customer account, Mark Company had the following account balances. Accounts Receivable: $60,000 and Allowance For Doubtful Accounts: $4,000. The net realizable value of the Accounts Receivable before and after the write-off was: Select one: O a. Before After $56,000 $56,000 b. Before After $56,000 $60,000 C Before After $56,000 $52,000 d. Before After $56,000 $54,000

Prior to the write-off of a $2,000 customer account, Mark Company had the following account balances. Accounts Receivable: $60,000 and Allowance For Doubtful Accounts: $4,000. The net realizable value of the Accounts Receivable before and after the write-off was: Select one: O a. Before After $56,000 $56,000 b. Before After $56,000 $60,000 C Before After $56,000 $52,000 d. Before After $56,000 $54,000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 1CE

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