1 Refer to the above data. If the income statement method of estimating uncollectible accounts expense is followed, and uncollectible accounts expense is estimated to be 2% of net credit sales, the net realizable value of Four Star accounts receivable at the end of the month is:

a$855,800.b$845,050.c$19,200d$1,250,050

At the end of the month, the unadjusted trial balance of Four Star Company included the following accounts: Debit Credit Sales (75\% represent credit sales) $1,280,000 Accounts Receivable $875,000 Allowance for Doubtful Accounts $10,750 At the end of the month, the unadjusted trial balance of Four Star Company included the following accounts: Debit Credit Sales (75\% represent credit sales) $1,280,000 Accounts Receivable $875,000 Allowance for Doubtful Accounts $10,750