Tabor Company Had Trade Receivables of $450,000 and an Allowance

Multiple Choice

Tabor Company had trade receivables of $450,000 and an allowance for doubtful accounts of $15,500 just prior to writing off as worthless a trade receivable from Fox Company of $5,000.What was the net realizable value of trade receivables as shown by the accounting record before and after the write-off?

A) Choice A
B) Choice B
C) Choice C
D) Choice D