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Oxley's gross accounts receivable balance is $40,000. Of this amount, $34,000 is current and $6,000 is past due. From experience, Oxley expects it will collect
Oxley's gross accounts receivable balance is $40,000. Of this amount, $34,000 is current and $6,000 is past due. From experience, Oxley expects it will collect 95% of the current accounts and 70% of the past due accounts. Compute Oxley's Accounts Receivable, Allowance for Uncollectible Accounts and then the net realizable value of accounts receivable
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