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M Company has the following information available before recording the adjustment at the end of the year: Accounts Receivable $900,000 Allowance for doubtful accounts per

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M Company has the following information available before recording the adjustment at the end of the year: Accounts Receivable $900,000 Allowance for doubtful accounts per books before adjustment $40,000 credit Bad Debt Expense calculated using percentage of receivables method $15,000 The cash (net) realizable value of the accounts receivable at the end of the year after adjustment is Select one: o a. $845,000 o b. $900,000 O c. $885,000 O d. $860,000 O e. None of the above

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