On January 1, 2013, the Accounts Receivable balance was

On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts was $1,400. On January 15, 2013 a $400 uncollectible account was written-off. The net realizable value of accounts receivable immediately after the write-off is:

A. $18,100.

B. $16,700.

C. $17,100.

D. $17,500.

On January 1, 2013 Garcia Company had an $8,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2013, Garcia provided $52,000 of service on account. The company collected $48,500 cash from account receivable. Uncollectible accounts are estimated to be 2% of sales on account.