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Entity G uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $250,000. Management estimates that 4% of accounts
Entity G uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $250,000. Management estimates that 4% of accounts receivable will be uncollectible. Before the adjusting entry, the Allowance for Doubtful Accounts has a credit balance of $2,500. What is the net (cash) realizable value of the accounts receivable immediately after adjustment? O $250,000 O $240,000 O $10,000 O $0
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