On December $31,2020,$ Traxx Inc. establishes an allowance for doubtful accounts $($allowance for credit losses$)$ of $3\%$ of its accounts receivable balance of $$180,000.$ Traxx Inc. decides on March $15,2021,$ not to pursue collection of Jones$$s $$1,000$ account. The likelihood of collection does not support further collection efforts.

What is the net value of accounts receivable before and after the write$-$off of the Jones account?

On December $31,2020,$ Traxx Inc. establishes an allowance for doubtful accounts $($allowance for credit losses$)$ of $3\%$ of its accounts receivable balance of $$180,000.$ Traxx Inc. decides on March $15,2021,$ not to pursue collection of Jones$$s $$1,000$ account. The likelihood of collection does not support further collection efforts.

What is the net value of accounts receivable before and after the write$-$off of the Jones account?

None of these

Accounts Receivable, Net Before Write$-$Off: $$174,600$; Accounts Receivable, Net After Write$-$Off: $$173,600$

Accounts Receivable, Net Before Write$-$Off: $$174,600$; Accounts Receivable, Net After Write$-$Off: $$174,600$

Accounts Receivable, Net Before Write$-$Off: $$174,600$; Accounts Receivable, Net After Write$-$Off: $$175,600$

Accounts Receivable, Net Before Write$-$Off: $$180,000$; Accounts Receivable, Net After Write$-$Off: $$179,000$