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Calla company provided the following data relating to accounts receivable for the current year: Accounts receivable, Jan. 1 650,000 Sales 3,000,000 Cash sales (included in
Calla company provided the following data relating to accounts receivable for the current year: Accounts receivable, Jan. 1 650,000 Sales 3,000,000 Cash sales (included in total sales) 300,000 Sales returns 75,000 Write off 40,000 Collections 2,150,000 Allowance for doubtful accounts, 12/31 50,000 Allowance for sales returns, 12/31 100,000 1. What is the accounts receivable at the end of the year? 2. What is the net realizable value of accounts receivable?
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