Cortez Co Had Accounts Receivable Totalling $450,000 and an Allowance for for Doubtful

Multiple Choice

Cortez Co. had accounts receivable totalling $450,000 and an allowance for doubtful accounts with a balance of $5,000 on June 1, 2018. On June 2 Cortez wrote off $2,400 of uncollectible accounts. The net carrying value of accounts receivable before and after the write-off was

A) Before $450,000 | After $447,600
B) Before $445,000 | After $445,000
C) Before $445,000 | After $442,600
D) Before $450,000 | After $445,000
E) Before $450,000 | After $450,000