Question

On June 1, Rangel Supply’s Accounts Receivable balance was $ 25,325. The balance of the contra account Allowance for Doubtful Accounts was $ 1,520 credit. On June 20, the account balance of McIntyre’s Bakery of $ 460 was written off.
a. Journalize the write-off of the McIntyre’s Bakery account using the allowance method.
b. Determine what is now the net realizable value of Accounts Receivable.



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  • CreatedOctober 21, 2014
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