Net accounts receivable before write-offs is $845,000. What is the balance in net accounts receivable if $19,800 in uncollectible accounts are written off? Select one: a. Cannot be determined b. $823,000 c. $845,000 d. $867,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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**Question:**

Net accounts receivable before write-offs is $845,000. What is the balance in net accounts receivable if $19,800 in uncollectible accounts are written off?

**Options:**

a. Cannot be determined  
b. $823,000  
c. $845,000  
d. $867,000  

**Explanation:**

To find the balance in net accounts receivable after writing off uncollectible accounts, subtract the amount of uncollectible accounts from the initial net accounts receivable. 

Calculation:  
$845,000 (initial net accounts receivable) - $19,800 (uncollectible accounts) = $825,200

However, note that none of the options matches this calculated balance. Therefore, reevaluate the question or options as needed.
Transcribed Image Text:**Question:** Net accounts receivable before write-offs is $845,000. What is the balance in net accounts receivable if $19,800 in uncollectible accounts are written off? **Options:** a. Cannot be determined b. $823,000 c. $845,000 d. $867,000 **Explanation:** To find the balance in net accounts receivable after writing off uncollectible accounts, subtract the amount of uncollectible accounts from the initial net accounts receivable. Calculation: $845,000 (initial net accounts receivable) - $19,800 (uncollectible accounts) = $825,200 However, note that none of the options matches this calculated balance. Therefore, reevaluate the question or options as needed.
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