Question
Blended Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance
Blended Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $ 1 comma 300. During the year Blended wrote off uncollectible receivables of $ 2 comma 000. Blended recorded Bad Debts Expense of $ 2 comma 900. Blended's year-end balance in Allowance for Bad Debts is $ 2 comma 200. Blended's ending balance of Accounts Receivable is $ 19 comma 400. Compute the net realizable value of Accounts Receivable at year-end A. $ 16 comma 500 B. $ 17 comma 400 C. $ 19 comma 400 D.
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