Journal entries to report nrv of accounts receivable

Reference no: EM13144186

Outstanding accounts receivable at the end of the year total 900000, after aging these accounts, the company estimates that their net realizable value is 860000.prior to making any adjustment to record uncollectible accounts expense, the allowances for doubtful accounts has a debit balance of 9000. Prepare the journal entries to report the NRV of accounts receivable

Reference no: EM13144186

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