Multiple Choice
On January 1, 2014, Classic Bedding Limited's balances in the Accounts receivable account and the Allowance for uncollectible accounts were $833,000 DR and $125,000 CR, respectively.On February 1, 2014, the company gave up trying to collect from a customer and wrote off an account receivable of $3,000.What were the net carrying values of the accounts receivable before and after the writeoff?
A) Option A
B) Option B
C) Option C
D) Option D
($833,000 - $125,000) and ($830,000 - $122,000)
Correct Answer:

Verified
Correct Answer:
Verified
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