Taylor, Inc. had accounts receivable of $260,000 and an allowance for doubtful accounts of $14,700...
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Accounting
Taylor, Inc. had accounts receivable of $260,000 and an allowance for doubtful accounts of $14,700 just before writing off as worthless an account receivable from Burton Company of $1,240. The net realizable value of the accounts receivable before and after the write-off were:
$245,300 before and $244,060 after.
$245,300 before and $245,300 after.
$260,000 before and $258,760 after.
$274,700 before and $273,460 after.
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