Net Accounts Receivable: Allowance for Doubtful Accounts Video Lessons

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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.

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Problem Details

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.

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Based on our data, we think this problem is relevant for Professor Campbell's class at KSU.