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What will be the net realizable value of accounts receivable

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Question - Jornd Portrait Studio had the following: (Use this data for the next few problems)

Accounts Receivable at March 31, 2020 $7,000.00

Allowance for Doubtful Accounts (Credit Balance) $1,000.00

Net Sales (85% on Credit) $80,000.00

If the company writes-off a receivable of $250 what will be the net realizable value of accounts receivable after the write off?

Reference no: EM133124625

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