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Kentucky supply co, had beginning balances in its accounts receivable and allowance for doubtful accounts, of $2000 and $100, respectively. It earned $15000 of revenue
Kentucky supply co, had beginning balances in its accounts receivable and allowance for doubtful accounts, of $2000 and $100, respectively. It earned $15000 of revenue on account during 2017. During 2017, the company collected $10000 of cash from its receivables accounts. Kentucky estimates that it will be unable to collect 2% of its revenue on account. The amount of net realizable value of receivables on the December 31,2017 balance sheet would be:
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