24. An analysis and aging of the accounts receivable of Watts Company at December 31 reveal these data: Accounts receivable Allowance for doubtful accounts per books before adjustment (credit) Amounts expected to become uncollectible S2,400,000 150,000 195,000 What is the cash realizable value of the accounts receivable at December 31 after adjustment? A) $2,400,000 B) $2,250,000 C) $2,205,000 D) $2,055,000 25. The partnership form of business organization A) is a common form of organization for service-type businesses. B) has limited liability C) enjoys an unlimited life. D) is a separate legal entity. 26. Adler Company developed the following reconciling information in preparing its December bank reconciliation: Cash balance per bank, 12/31 Note receivable collected by bank Outstanding checks Deposits in transit Bank service charge NSF checlk Using the above information, determine the cash balance per books (before adjustments) for the Adler Company A) $4,625. B) $20,000. C) $27,500. D) $14,625. $20,000 10,000 15,000 7,500 125 2,000