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Johnnie Company's Accounts Receivable account has a balance of $1,932,000 and the Allowance for Doubtful Accounts has a debit balance of $5,100 at fiscal year-end
Johnnie Company's Accounts Receivable account has a balance of $1,932,000 and the Allowance for Doubtful Accounts has a debit balance of $5,100 at fiscal year-end prior to adjustment. If the estimate based on the percentage of sales approach to estimating uncollectibles is $119,400, the net realizable value of accounts receivable reported on the balance sheet after adjustment is: Select one: 0 A $1.817,700 0 B. $1,920,900 C. $1,812,600 D. $1,807,500
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