Question
iven the below data, what is the net realizable value of the receivables at the end of the year? Revenues: $11,500 Accounts receivable ending balance:
iven the below data, what is the net realizable value of the receivables at the end of the year?
Revenues: $11,500
Accounts receivable ending balance: $8,000
Allowance for bad debt beginning balance: $500
Bad debt expense: 8% of revenues
Write offs of receivables: $120
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Auditing Integrated Concepts And Procedures
Authors: Donald H. Taylor, G. William Glezen
5th Edition
0471524239, 978-0471524236
