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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?
What amount should be reported for pension expense in 2013?
Jones Enterprises was started when it acquired $6,750 cash from creditors and $20,250 from owners. Record the events under an accounting equation
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