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Financial information is presented below: I he amount of net sales on the income statement would be $88,800$87,800$47,800.$22,800 3 points Entity G uses the percentage
Financial information is presented below: I he amount of net sales on the income statement would be $88,800$87,800$47,800.$22,800 3 points Entity G uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $23,000. Management estimates that 5% of accounts receivable will be uncollectible. Before the adjusting entry, the Allowance for Doubtful Accounts has a credit balance of $200. What is the net (cash) realizable value of the accounts receivable immediately after adjustment? $21,850$24,150$23,000$200 3 points $57,890$61,500$93,000$43,390
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