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Before year-end adjusting entries, Carter Company's account balances at December 31, 2013, for accounts receivable and the related allowance for uncollectible accounts were $600,000 and
Before year-end adjusting entries, Carter Company's account balances at December 31,
2013, for accounts receivable and the related allowance for uncollectible accounts were
$600,000 and $45,000, respectively. An aging of accounts receivable indicated that
$62,500 of the December 31 receivables are expected to be uncollectible. The net
realizable value of accounts receivable after adjustment is
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