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need ASAP will give thumbs up D Question 2 1 pts At January 1, 2023, Williams Sonoma Company reported accounts receivable of $197,000 and had
need ASAP will give thumbs up
D Question 2 1 pts At January 1, 2023, Williams Sonoma Company reported accounts receivable of $197,000 and had an allowance for doubtful accounts with a $42,800 credit balance. Williams Sonoma Co. records bad debt expense using the net credit sales method and estimates that 3% of its credit sales each year will prove uncollectible. During 2023, Williams Sonoma reported the following information: Bad debt expense $11,580 Write offs ? Recoveries $7,420 Credit Sales ? Cash Collections from Customers $409,000 At December 31st 2023 Williams Sonoma accounts receivable totaled $160,390. Calculate the Net Realizable Value of Williams Sonoma Accounts Receivable at December 31, 2023. 116,491.7 Step by Step Solution
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