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Determine the net realizable value of accounts receivable

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Reference no: EM133034464

Question - Analysis of Receivables Method - At the end of the current year, Accounts Receivable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit balance of $21,300; and sales for the year total $102,480,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $205,000.

Required -

a. Determine the amount of the adjusting entry for uncollectible accounts.

b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful

c. Determine the net realizable value of accounts receivable.

Reference no: EM133034464

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