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What is the NRV on September

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Question - On September 1, Taylor Company had the following account balances: Accounts Receivable, $80,000; Allowance for Uncollectible Accounts, $2,580.

On September 5, Taylor receives $710 from Scott Company. Scott Company's account of $1,310 had been previously written off. Taylor does not believe the remaining amount due from Scott Company will be collected.

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: EM132558654

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