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What is the net realizable value of accounts

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Reference no: EM132865227

Question - Eugene company had the following information for 2015:

Accounts Receivable- January 1 P2,000,000

Credit Sales 10,000,000

Collection for customers excluding the recovery of accounts written off 8,000,000

Accounts written off as worthless 100,000

Sales return 500,000

Recovery of accounts written off 50,000

Estimated future sales returns on December 31 150,000

Estimated uncollectible accounts on December 31 per aging 300,000

Required - What is the net realizable value of accounts receivable on December 31, 2015?

Reference no: EM132865227

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