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How much is the net realizable value of accounts receivable

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Problem 1: The beginning Accounts Receivable and Allowance for Doubtful Accounts balances of Rose Corporation are $500,000 and $50,000 respectively. Net credit sales has a total of $4,500,000 during the year while collections amounted to $4,400,000. Bad debts expense for the year is $30,000. Included in the collections was a $10,000 account which was written off in the prior year and was recovered during the current year. At year end, how much is the net realizable value of the Accounts Receivable?

Reference no: EM132810291

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