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What is the net realizable value of accounts receivable

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Calla company provided the following data relating to accounts receivable for the current year:

Accounts receivable, Jan. 1 650,000

Sales 3,000,000

Cash sales (included in total sales) 300,000

Sales returns 75,000

Write off 40,000

Collections 2,150,000

Allowance for doubtful accounts, (12/31) 50,000

Allowance for sales returns, (12/31) 100,000

Problem 1. What is the accounts receivable at the end of the year?

Problem 2. What is the net realizable value of accounts receivable?

Reference no: EM132864970

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