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On December 31, 2019, Gibbert Company's unadjusted trial balance reported the following: Accounts Receivable: $56,000 debit Allowance for Doubtful Accounts: $2,000 credit Credit Sales: $
On December 31, 2019, Gibbert Company's unadjusted trial balance reported the following: Accounts Receivable: $56,000 debit Allowance for Doubtful Accounts: $2,000 credit Credit Sales: $ 800,000 credit Gibbert estimates that 1.1% of credit sales will be uncollectible. Question 2 of 2: The December 31, 2019 balance sheet will report accounts receivable at a net realizable value of: $55,384 $47,200 $54,000 O $45,200
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