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  3. at december 31, 2019, gerald company had accounts

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

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Accounting

  1. 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 and (b) after the bad debt write-off?

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