Accounts Receivable has a debit balance of $2,500, and the Allowance for UncollectibleAccounts has a credit balance of $500. A $70 account receivable is written off. What is theamount of net receivables (net realizable value) after the write-off?a. $2,430b. $1,930c. $2,000d. $2,070

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
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Accounts Receivable has a debit balance of $2,500, and the Allowance for Uncollectible
Accounts has a credit balance of $500. A $70 account receivable is written off. What is the
amount of net receivables (net realizable value) after the write-off?
a. $2,430
b. $1,930
c. $2,000
d. $2,070

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