Aurora Co. had Accounts Receivable totalling $450,000 and an Allowance for Doubtful Accounts with a...
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Accounting
Aurora Co. had Accounts Receivable totalling $450,000 and an Allowance for Doubtful Accounts with a balance of $5,000 on December 1, 2020. On December 2 Aurora wrote off $7,500 of uncollectible accounts. The net carrying value of Accounts Receivable before and after the writeoff was
Before After
a) $450,000 $442,500.
b) $445,000 $445,000.
c) $445,000 $452,500.
d) $445,000 $457,500.
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