What is the net realize value of accounts receivable

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Question - The following data were taken from the records of Infra Company for the year ended December 31, 2009: Sales on account 3,600,000 Notes received to settle accounts 400,000 Provision for doubtful accounts 90,000 Accounts receivable determined to be worthless 25,000 Purchases on account 3,900,000 Payments to creditors 3,200,000 Discounts allowed by creditors 260,000 Merchandise returned by customer 15,000 Collections received to settle accounts 2,450,000 Notes given to creditors in settlement of accounts 250,000 Merchandise returned to suppliers 70,000 Payments on notes payable 100,000 Discounts taken by customers 40,000 Collections received in settlement of notes 180,000. What is the net realize value of accounts receivable on December 31, 2009?

a. 605,000

b. 890,000

c. 825,000

d. 670,000

Reference no: EM132708765

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