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During the year, Carolina, Inc. writes off a client's Accounts Receivable of $1,600 because it determines that the receivable is uncollectible. Immediately before the write-off, Carolina has total Accounts Receivable of $120,000 and its Allowance for Doubtful Accounts is $16,000. After the write-off, what is the amount of Carolina's net accounts receivable

Answers

Answer 1

Answer:

the Net accounts receivables after write off is $104,000

Explanation:

The computation of the net account receivable after write off is shown below:

Net accounts receivables after write off is

= (Account receivable - written off) - (Allowance for doubtful accounts - written off)

= ($120,000 - $1,600) - ($16,000 - $1,600)

= $118,400 - $14,400

= $104,000

hence, the Net accounts receivables after write off is $104,000

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