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EASY company has the following information for accounts receivable Beginning balance 1,300,000 Sales (25% cash sales) 5,400,000 Cash received from customers 4,250,000 Worthless Accounts 100,000
EASY company has the following information for accounts receivable
| Beginning balance | 1,300,000 |
| Sales (25% cash sales) | 5,400,000 |
| Cash received from customers | 4,250,000 |
| Worthless Accounts | 100,000 |
| Doubtful accounts | 5% of outstanding accounts |
Compute for the net realizable value of accounts receivable.
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Managerial Accounting
Authors: Carl S. Warren, William B. Tayler
16th Edition
0357715225, 9780357715222
