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 $2,400of uncollectible accounts. The net carrying value of accounts receivable before and after the write-off was:

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