Taylor, Inc. had accounts receivable of $250,000 and an allowance for doubtful a

Question

Taylor, Inc. had accounts receivable of $250,000 and an allowance for doubtful accounts of $20,500 just before writing off as worthless an account receivable from Burton Company of $1,000. The net realizable value of the accounts receivable before and after the write-off were:

Taylor, Inc. had accounts receivable of $250,000 and an allowance for doubtful accounts of $20,500 just before writing off as worthless an account receivable from Burton Company of $1,000. The net realizable value of the accounts receivable before and after the write-off were:

Explanation / Answer

$229,500 before and $229,500 after.

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