Prior to writing off a specific account, Sixth Sense, Inc. had the following balances:
Accounts Receivables $30,000
Allowance for uncollectible accounts (3,000)
Sixth Sense, Inc. writes off a bankrupt customer's account receivable in the amount of $500. After the write-off of this customer's account has been recorded, what would be the Net Accounts Receivable balance?
A.$29,500
B.$27,000
C.$30,000
Accounts Receivables $30,000
Allowance for uncollectible accounts (3,000)
Sixth Sense, Inc. writes off a bankrupt customer's account receivable in the amount of $500. After the write-off of this customer's account has been recorded, what would be the Net Accounts Receivable balance?
A.$29,500
B.$27,000
C.$30,000