Question: During 2020, Lightyear Co. made a journal entry to write off a $4,000 uncollectible account. Before the write-off, Lightyear's accounts receivables account had a debit
During 2020, Lightyear Co. made a journal entry to write off a $4,000 uncollectible account. Before the write-off, Lightyear's accounts receivables account had a debit balance of $80,000 and the allowance for uncollectible accounts had a $4,600 credit balance. After the write-off entry, what would be the net realizable value of accounts receivables on Lightyear's balance sheet? O A. $80,000 B. $75,400 C. $71,400 D. $84,600
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