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A Company has the following information available relating to their accounts receivable: 100,000 Beginning Accounts Receivable Beginning Allowance for Doubtful Accounts 6,000 Credit Sales 950,000
A Company has the following information available relating to their accounts receivable: 100,000 Beginning Accounts Receivable Beginning Allowance for Doubtful Accounts 6,000 Credit Sales 950,000 Cash Sales 225,000 Accounts Written Off 9,000 Collections of Credit Sales 915,000 Collections of Accounts Previously Written Off 2,000 Estimated % of A/R to be uncollected 5.25% A Company determines they need to write-off another $1,000 account. What is the net realizable value AFTER the write-off
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