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On January 1 , Year 2 , Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $ 3 1 , 0
On January Year Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $ and $ respectively. During Year Kincaid reported $ of credit sales, wrote off $ of receivables as uncollectible, and collected cash from receivables amounting to $ Kincaid estimates that it will be unable to collect one percent of credit sales.
What is the net realizable value of receivables that will be reported on Kincaid's Year balance sheet?
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