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Given the following information, what is the Net Realizable Value of Accounts Receivable at the end of the period? Beginning Accounts Receivable $10 Beginning Allowance
Given the following information, what is the Net Realizable Value of Accounts Receivable at the end of the period?
Beginning Accounts Receivable | $10 | Beginning Allowance | $2 |
Credit Sales | $40 | Bad Debt Expense | $6 |
Sales Returns | $2 | Write-offs | $5 |
Sales Discounts | $1 | Write-off reversals | $2 |
Sales Allowances | $1 | ||
Write-offs | $5 | ||
Write-off reversals | $2 |
a. $38
b. $50
c. $46
d. $48
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