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An analysis and aging of the accouns receivable of Watts Company at December 31 reveal thes data: Accounts receivable $2,400,000 Allowance for doubtful accounts per
An analysis and aging of the accouns receivable of Watts Company at December 31 reveal thes data:
Accounts receivable $2,400,000
Allowance for doubtful accounts per books before adjustment (credit) $150,000
Amounts expected to become uncollectible $195,000
What is the cash realizable value of the accounts receivable at December 31 after adjustment?
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