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Determine the net realizable value of accounts receivable

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Question - The following accounts were taken form CH Inc.'s ledger at December 31 (the end of the fiscal year):

Net Credit Sales $750,000

Allowance for doubtful accounts $14,000 Debit

Accounts Receivable $410,000

If doubtful accounts are 3% of accounts receivable, determine the net realizable value of accounts receivable at the end of the fiscal year ended December 31.

Reference no: EM132521066

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