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What amount should be reported as net realizable value

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Question - Jay Company provided the following data relating to accounts receivable for the current year:

Accounts receivable, January 1 650,000

1,700.00

credit sales 0

sales return 75,000

accounts written off 40,000

2,150.00

collections from customers 0

estimated future sales return at December 31 50,000

estimated uncollectible accounts at 12/31 per aging 110,000

What amount should be reported as net realizable value at accounts receivable on December 31?

Reference no: EM133137380

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