Accounts receivable has a balance of $16,000 and the Allowance for uncollectible accounts has a credit balance of $1,700.What is Net accounts receivable before and after a $60 account receivable is written off?
A) $14,300 before and $14,240 after
B) $14,300 before and $14,300 after
C) $16,000 before and $15,940 after
D) $16,000 before and $16,000 after

Question

Quizplus · Accepted Answer

B) Calculations:
$16,000 - $1,700 = $14,300
($16,000 - $60) - ($1,700 - $60) = $14,300

Accounts Receivable Has a Balance of $16,000 and the Allowance