Question
An analysis of accounts receivable of Watts Company at December 31 reveals the following: Accounts receivable $2,400,000 Allowance for doubtful accounts per books before adjustment
An analysis of accounts receivable of Watts Company at December 31 reveals the following:
| 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 accounts receivable at December 31 on Watts balance sheet?
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Understand Accounting
Authors: Claude Hitching, Derek Stone
1st Edition
0273018833, 978-0273018834
