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What is net receivables at the end of the year

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Question 1: Kramer Company uses the aging method of accounts receivable method and determined that $5,000 of the company's Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $100,000 and the unadjusted DEBIT balance of the Allowance for Doubtful Accounts is $500. Credit sales during the year totaled $150,000. What is Net Receivables at the end of the year?

Option A) 95,500

Option B) 95,000

Option C) 94,500

Option D) 155,000

Option E) none of these

Reference no: EM132490082

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