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how would i find the net realizable value of accounts recievable on the 2017 financial statment with the numbers provided in the above picture. Use
how would i find the net realizable value of accounts recievable on the 2017 financial statment with the numbers provided in the above picture. Use the information that follows taken from the unadjusted trial balance and aging schedule of Behrend Company on December 31, 2017 to answer the questions below. All sales are on account. Accounts and related balances at December 31, 2017 before adjustment: Debit Credit Accounts receivable $47,000 Allowance for doubtful accounts $420 Sales (all on account) 400,000 Sales returns 2,000 Aging Schedule of Accounts Receivable: Age Amount % Uncollectible 0-30 days $15,000 2% 30-60 days 18,000 7% Over 60 days 14,000 13% If Behrend uses the aging schedule of accounts receivable to determine bad debts, determine the following: (c) Net realizable value of accounts receivable on the 2017 financial statements. Net realizable value $ Show Work is REQUIRED for this question: Open Show Work
how would i find the net realizable value of accounts recievable on the 2017 financial statment with the numbers provided in the above picture.
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