An analysis and aging of the accounts receivable of Pharoah Company at December 31 reveal these data:
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Question:
An analysis and aging of the accounts receivable of Pharoah Company at December 31 reveal these data:
Accounts receivable $ 3340000
Allowance for doubtful accounts per books before adjustment (credit) 440000
Total estimated uncollectible accounts at December 31 514000
What is the cash realizable value of the accounts receivable at December 31 after adjustment?
$2900000
$3340000
$2826000
$2386000
Expert Answer:
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