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BlendedBlended Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance
BlendedBlended 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 000$1,000. During the year BlendedBlended wrote off uncollectible receivables of $ 2 comma 000$2,000. BlendedBlended recorded Bad Debts Expense of $ 2 comma 900$2,900. Blended's year-end balance in Allowance for Bad Debts is $1,900. Blended'sBlended's ending balance of Accounts Receivable is $20,700. Compute the net realizable value of Accounts Receivable at year-end.
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