Goofy Inc. had accounts receivable of $200,000 and an allowance for uncollectible accounts of $8,500 just before writing off as worthless an accounts receivable from J Corp of $1,200. Compute the net realizable values of the accounts receivable that is reported on the balance sheet before the write-off and after the write-off.

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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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