At December 31, 2019, Gerald Company had accounts receivable of $1,500,000 and an allowance for doubtful accounts

Question:

At December 31, 2019, Gerald Company had accounts receivable of $1,500,000 and an allowance for doubtful accounts of $8,250. On January 1, 2020, Gerald Company wrote off a $1,500 bad debt against the allowance for doubtful accounts. There were no other accounts receivable transactions on January 1. What is the net realizable value of accounts receivable

(a) Before the bad debt write-off

(b) After the bad debt write-off?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...