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On January 1, 2014, Classic Bedding Limited's Balances in the Accounts

Question 15

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?
 Before  After A.$833,000$830,000B.$708,000$705,000C.$708,000$711,000D.$708,000$708,000\begin{array}{lc}&\text { Before } & \text { After } \\A.&\$ 833,000 & \$ 830,000 \\B.&\$ 708,000 & \$ 705,000 \\C.&\$ 708,000 & \$ 711,000 \\D.&\$ 708,000 & \$ 708,000\end{array}


A) Option A
B) Option B
C) Option C
D) Option D
($833,000 - $125,000) and ($830,000 - $122,000)

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