Grandview, Inc. uses the allowance method. At December 31, 2018, the company's balance sheet reports Accounts Receivable, Net in the amount of $27,200. On January 2, 2019, Grandview writes off a $2,400 customer account balance when it becomes clear that the customer will never pay. What is the amount of Accounts Receivable, Net after the write-off?
A. $27,200
B. $29,600
C. $24,800
D. $2,400
Answer: A
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