Homework Answers
1)correct option is "D" - 23600
Accounts receivable after write off =26500-850= 25650
Allowance balance after write off =2900-850 = 2050
Net realizable value of accounts receivable = 25650 --2050
= 23600
2)correct option is "B" -2110
Bad debt expense= Net sales on account * % of uncollectible
= 211000*1%
= 2110
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