Oakwood Company had accounts receivable of $740,000 and an allowance for doubtful accounts of $26,600...
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Accounting
Oakwood Company had accounts receivable of $740,000 and an allowance for doubtful accounts of $26,600 just prior to writing off as worthless a customer's $8,000 account receivable. The net realizable value of Oakwood's accounts receivable as shown by the accounting records before and after the write off was as follows: Multiple Choice Before $716,6ee After $721,400 Before $713, 4ee After $713,400 Before $74e, eee After $732, eee Before $713,400 After $705,400
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