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Question - After the December 31, 2025 adjusting journal entries have been posted, Sinclair Enterprises has the following account balances (all accounts have normal balances):
Account Title Account Balance
Accounts Receivable $159,000
Allowance for Bad Debts $4,500
Bad Debts Expense $8,300
Required - What is the net realizable value of Accounts Receivable as of December 31, 2025?
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