1. A companys gross Accounts Receivable balance is $100,000, and 5% of their accounts are deemed to be uncollectible.

What is the amount that should be recorded on the balance sheet as the net realizable value?

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2. A companys beginning inventory balance was $50,000, purchases during the year totaled $25,000, and cost of goods sold were $15,000.

What was the companys cost of goods available for sale?__________________

What was the companys ending inventory balance??______________________