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At the beginning of the current period. Marigold Corp. had balances in Accounts Receivable of $172,000 and in Allowance for Doubuful Accounts of $7,740, During
At the beginning of the current period. Marigold Corp. had balances in Accounts Receivable of $172,000 and in Allowance for Doubuful Accounts of \$7,740, During the period, it had net credit sales of $688,000 and collections of $656,180. It wrote off as uncoliectible accounts receivable of $6.278. Uncollectible accounts are estimated to total $21.500 at the end of the period. (Omit recording cost of goods solds.) (e) What is the net reaizable value of the receivables at the end of the period? The net reaszable value of the receivables at the end of the period
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