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What is the net realizable value of the accounts

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Reference no: EM132558586

Question - On September 1, Price Company had the following account balances: Accounts Receivable, $89,300; Allowance for Uncollectible Accounts, $4,350. On September 5, Price Company determines that the balance owed by their customer, Watson Company, was uncollectible, and Watson's account of $1,350 is written off.

Required -

(a) What is the net realizable value (NRV) of the accounts receivable on September 1?

(b) What is the NRV on September 5?

Reference no: EM132558586

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