What is the net realizable value of the receivables at year

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Question - On January 1, 2021 Your Company had a $290,000 balance in the Accounts Receivable account and a $12,500 balance in the Allowance for Doubtful Accounts account. During 2021, Your Company provided $520,000 of service on account and $250,000 of cash sales. The company collected $625,000 cash from account receivable. The company estimated that it will be unable to collect $18,200 of its current year's sales on account. What is the net realizable value of the receivables at year end?

a) 404,300.

b) 185,000.

c) 155,500.

d) 215,700.

e) 154,300.

Reference no: EM133165529

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