Question

Accounts receivable has a $2,300 balance, and the Allowance for doubtful accounts has a $200 credit balance. An $80 account receivable is written off. The net book value of receivables on the balance sheet after the write-off equals ______.

Answer 1

$40

Step-by-step explanation:

The netbook value of receivable is calculated as

= Account receive balance + Allowance for doubtful account