Question
Juan, Inc. had the following balances in accounts for the year ending December 31st: Accounts receivable: $34,800 (Dr.) Allowance for Doubtful Accounts: $220 (Cr.) Juan,
Juan, Inc. had the following balances in accounts for the year ending December 31st:
Accounts receivable: $34,800 (Dr.)
Allowance for Doubtful Accounts: $220 (Cr.)
Juan, Inc. estimates that 3% of accounts receivable will default (not pay).
The net realizable value of Accounts Receivable on the Balance Sheet will be:
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International Public Financial Management Essentials Of Public Sector Accounting
Authors: Gary Bandy
1st Edition
081535634X, 978-0815356349
