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Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entries, there is a $400 debit balance

Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entries, there is a $400 debit balance in allowance for doubtful accounts. What is the net realizable value of accounts receivable?

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