?

Financial Accounting

Free Version

Upgrade subject to access all content

Moderate

Write Offs Change to Net Realizable Value

FINACT-5HZOZQ

On January 1, 20x5, the Accounts Receivable balance was \$7,000 and the balance in the Allowance for Doubtful Accounts was \$700. On January 16, 20x5, a \$200 uncollectible account was written-off.

What is the net realizable value of the Accounts Receivable on January 16 immediately after the write-off?