Ch. 7 - Receivables and InvestmentsWorksheetSee all chapters
 Ch. 1 - Introduction to Accounting 1hr & 21mins 0% complete Worksheet Ch. 2 - Transaction Analysis 1hr & 14mins 0% complete Worksheet Ch. 3 - Accrual Accounting Concepts 2hrs & 38mins 0% complete Worksheet Ch. 4 - Merchandising Operations 2hrs & 31mins 0% complete Worksheet Ch. 5 - Inventory 1hr & 55mins 0% complete Worksheet Ch. 6 - Internal Controls and Reporting Cash 1hr & 16mins 0% complete Worksheet Ch. 7 - Receivables and Investments 3hrs & 17mins 0% complete Worksheet Ch. 8 - Long Lived Assets 5hrs & 6mins 0% complete Worksheet Ch. 9 - Current Liabilities 2hrs & 19mins 0% complete Worksheet Ch. 10 - Time Value of Money 1hr & 27mins 0% complete Worksheet Ch. 11 - Long Term Liabilities 2hrs & 45mins 0% complete Worksheet Ch. 12 - Stockholders' Equity 2hrs & 15mins 0% complete Worksheet Ch. 13 - Statement of Cash Flows 2hrs & 24mins 0% complete Worksheet Ch. 14 - Financial Statement Analysis 5hrs & 27mins 0% complete Worksheet Ch. 15 - GAAP vs IFRS 56mins 0% complete Worksheet

# Solution: On January 1, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts was$1,400. On January 15, a $400 uncollectible account was written-off. The net realizable value of accounts receivable immediately after the write-off is: a.$18,100. b. $16,700. c.$17,100. d. $17,500. # Solution: On January 1, the Accounts Receivable balance was$18,500 and the balance in the Allowance for Doubtful Accounts was $1,400. On January 15, a$400 uncollectible account was written-off. The net realiz

###### Problem

On January 1, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts was$1,400. On January 15, a $400 uncollectible account was written-off. The net realizable value of accounts receivable immediately after the write-off is: a.$18,100.

b. $16,700. c.$17,100.

d. \$17,500.