Question
Before year-end adjusting entries, Bosnia Company's account balances at December 31, 2020, for accounts receivable and the related allowance for uncollectible accounts were $1,675,000 and
Before year-end adjusting entries, Bosnia Company's account balances at December 31, 2020, for accounts receivable and the related allowance for uncollectible accounts were $1,675,000 and $65,000, respectively. An aging of accounts receivable indicated that $235,000 of the December 31 receivables are expected to be uncollectible. What is the net realizable value of accounts receivable after adjustment?
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
2nd Edition
0030270995, 978-0030270994
