Question
Before recording any adjusting entries, Pepper Pot Inc. reports the following information on its unadjusted Trial Balance (as of 12/31/2020): Account Debit Credit Accounts Receivable
Before recording any adjusting entries, Pepper Pot Inc. reports the following information on its unadjusted Trial Balance (as of 12/31/2020): Account Debit Credit Accounts Receivable 100,000 Allowance for Doubtful Accounts 5,000 Sales (all credit sales) 1,000,000 Pepper Pot uses the Percentage of Credit Sales method and estimates that 1% of credit sales are uncollectible. What is the Net Realizable Value of Accounts Receivable (i.e., Accounts Receivable, Net) that will be reported on the companys balance sheet as of 12/31/2020? Show your work.
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