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Find the net realizable value of receivables

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Question - X Company started the year with a $3,600 balance in accounts receivable and a $300 balance in the allowance for doubtful accounts. The company had credit sales of $20,000, collections on accounts receivable of $19,000, and wrote off uncollectible accounts of $200 during the year. The company believes that 3 percent of its credit sales will be uncollectible. Find the net realizable value of receivables at the end of the year?

A. 4600

B. 4400

C. 5100

D. 3700

Reference no: EM132772760

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