What is collected by the company sometimes differs

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Q1. J. B. Bucks owns a department store that has a $46,600 balance in Accounts Receivable and a $3,000 credit balance in Allowance for Doubtful Accounts. Determine the net realizable value of the accounts receivable.

Q2. Assume that an account receivable in the amount of $420 was written off using the allowance method. Determine the net realizable value of the accounts receivable after the write-off.

Q3. The net realizable value is the amount that the company expects to actually collect. What is collected by the company sometimes differs from what is owed by the customer.

Reference no: EM132568841

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