Taylor, Inc. had accounts receivable of $270,000 and an allowance for doubtful a

Question

Taylor, Inc. had accounts receivable of $270,000 and an allowance for doubtful accounts of $20,300 just before writing off as worthless an account receivable from Burton Company of $1,480. The net realizable value of the accounts receivable before and after the write-off were:

Taylor, Inc. had accounts receivable of $270,000 and an allowance for doubtful accounts of $20,300 just before writing off as worthless an account receivable from Burton Company of $1,480. The net realizable value of the accounts receivable before and after the write-off were:

Explanation / Answer

$249,700 before and $248,220 after

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