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Li Company has the following account balances: Cash $ 25,000.00 Accounts Receivable $ 76,000.00 allowance for doubtful accounts $ 5,100.00 Uncollectible accounts expense $ 6,200.00
Li Company has the following account balances:
| Cash | $ 25,000.00 |
| Accounts Receivable | $ 76,000.00 |
| allowance for doubtful accounts | $ 5,100.00 |
| Uncollectible accounts expense | $ 6,200.00 |
| Credit Sales | $ 115,000.00 |
Determine the net realizable value of Li's accounts receivable.
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Financial Accounting A Critical Approach
Authors: John Friedlan
3rd Edition
0070967601, 978-0070967601
