Samuel, Inc. has Accounts Receivable of $260,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a customer account balance of $1,600, what is the amount of its net accounts receivable

Net accounts receivable before write-off = $244,000

Net accounts receivable after write-off  = $229600

Explanation:

given data

Accounts Receivable = $260,000

Allowance for Doubtful Accounts = $16,000

writes-off  customer account balance = $1,600

solution

we get her Net accounts receivable that is express as

Net accounts receivable = Accounts Receivable -  Allowance for Doubtful Accounts    1

so here before write-off Net accounts receivable  is

Net accounts receivable = $260,000 - $16,000

Net accounts receivable = $244,000

and

after write-off  

writes-off a customer account balance entry as

Allowance  Doubtful Account =  $1,600 Debit

Accounts Receivable =  $1,600 Credit

so

Net accounts receivable after write-off

Net accounts receivable = $244,000 - ($16000 - 1600 )

Net accounts receivable  = $229600

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"