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Calculation of Net Realizable Value J. B. Bucks owns a department store that has a $45,200 balance in Accounts Receivable and a $3,000 credit balance
Calculation of Net Realizable Value J. B. Bucks owns a department store that has a $45,200 balance in Accounts Receivable and a $3,000 credit balance in Allowance for Doubtful Accounts. 1. Determine the net realizable value of the accounts receivable 2. Assume that an account receivable in the amount of $340 was written off using the allowance method. Determine the net realizable value of e the net realizable value of the accounts receivable after the write-off
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