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    alexianna MD1's Avatar
    alexianna MD1 Posts: 2, Reputation: 1
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    #1

    Apr 6, 2010, 06:20 PM
    During the year, Kiner Company made an entry to write off a $4,000 uncollectible acco
    During the year, Kiner Company made an entry to write off a $4,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $50,000 and the balance in the allowance account was $4,500. The net realizable value of accounts receivable after the write-off entry was
    a. $50,000.
    b. $49,500.
    c. $41,500.
    d. $45,500.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Apr 6, 2010, 11:18 PM

    We do not just answer your homework questions for you. Please make an attempt at the problem and post that (helpful if you include your calculations), and we can guide you from there.
    alexianna MD1's Avatar
    alexianna MD1 Posts: 2, Reputation: 1
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    #3

    Apr 7, 2010, 05:06 AM
    Quote Originally Posted by morgaine300 View Post
    We do not just answer your homework questions for you. Please make an attempt at the problem and post that (helpful if you include your calculations), and we can guide you from there.

    For the record I didn't ask anybody to do my homework for me .I computed it and just wanted to be sure I had the right answer.
    Here is what I found: (4500-4000)= 500-50,000=49 , 500 and that will be answer b
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