At the end of the year a company has gross accounts receivable of $65,500. The allowance for

Question:

At the end of the year a company has gross of $65,500. The allowance for doubtful accounts has a balance of $7,600, and sales discounts for the year were $5,400.
Required
What is the net realizable value of that the company will report on its balance sheet?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...