Dominick Company has Accounts Receivable of $100,000 and a $5,000 credit balance in its Allowance...
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Accounting
Dominick Company has Accounts Receivable of $100,000 and a $5,000 credit balance in its Allowance for Doubtful Accounts account on December 30, 2012. On December 31, 2012, it wrote off $1,400 as uncollectible from a bankrupt customer. After the write-off, the net realizable value of the accounts receivable is: A.$93,400. B.$96,400. C.$95,000. D.$98,600. E.none of the above.
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