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On 15 July Sammy Corporation's Gross Accounts Receivable Had a Balance

Question 2

Multiple Choice

On 15 July Sammy Corporation's Gross Accounts Receivable had a balance of $2300 and the Allowance for Doubtful Debts had a balance of ($220) . A specific account of $80 was written off on 16 July. If no other relevant transactions had taken place, what is the amount of net receivables after the write-off?


A) $1920
B) $2160
C) $2080
D) $2220

Correct Answer:

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