Solved: At the end of 2009 tatum co has accounts receivable of, Financial Accounting

At the end of 2009 tatum co has accounts receivable of

At the end of 2009, Tatum Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $28,000. On January 24, 2010, it is learned that the company's receivable from Novinger Inc. is not collectible and therefore management authorizes a write-off of $2,000.

(a) Prepare the journal entry to record the write-off.
(b) What is the cash realizable value of the accounts receivable
(1) Before the write-off and
(2) After the write-off?

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Financial Accounting: At the end of 2009 tatum co has accounts receivable of

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Financial Accounting: At the end of 2009 tatum co has accounts receivable of

Reference No:- TGS0779935

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