Accounts Receivable has a balance of $33,000, and the Allowance for Bad Debts has a credit balance of $3300. The allowance method is used. What is the net realizable value of Accounts Receivable before and after a $2300 account receivable is written off?
A) $29,700; $29,700
B) $27,400; $27,400
C) $29,700; $27,400
D) $27,400; $32,000
A) $29,700; $29,700
Explanation:
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