During the Year, Popsicle Inc

Multiple Choice

During the year, Popsicle Inc., which uses the allowance method, made an entry to write off a $4,000 uncollectible account. Before this entry was posted, the balance in accounts receivable was $80,000 and the balance in the allowance account was $7,000. The net realizable value of accounts receivable after the write off entry was

A) $80,000.
B) $77,000.
C) $76,000.
D) $73,000.