Question
An analysis and aging of the accounts receivable of Raja Company at December 31 reveal the following data: Accounts receivable $800,000 Allowance for doubtful accounts
An analysis and aging of the accounts receivable of Raja Company at December 31 reveal the following data:
| Accounts receivable | $800,000 |
| Allowance for doubtful accounts balance before adjustment (credit) | 12,000 |
| Amounts expected to become uncollectible | 65,000 |
How much is the cash (net) realizable value of the accounts receivable at December 31, after adjustment?
|
| $723,000 |
|
| $788,000 |
|
| $735,000 |
|
| $747,000 |
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GAO Financial Audit Manual Volume 3 June 2018
Authors: United States Government GAO
2018 Edition
979-8733166001
