adjusted and closed at the end of the fiscal year, Accounts Receivable has a 29. After the accounts are balance of $340,000 and Allowance for Doubtful Accounts has a balance of $51,000. What is the net realizable value of accounts receivable? a. $51,000 "b. $289,000 c. $340,000 d. $391,000 QUESTION 1 A accrual is described as " the recognition of expense or a revenue that has risen but has not been recorded in the accounting period." This statement is.. True OFalse