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At the beginning of the current period, COMPANY had balances in Accounts Receivable of $252,000 and in Allowance for Doubtful Accounts of $11,340. During the
At the beginning of the current period, COMPANY had balances in
Accounts Receivable of $252,000 and in Allowance for Doubtful Accounts of $11,340.
During the period, it had net credit sales of $1,008,000 and collections of $961,380.
It wrote off as uncollectible accounts receivable of $9,198. Uncollectible accounts are estimated to total $31,500 at the end of the period.
What is the net realizable value of the receivables at the end of the period?
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