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Please show work. Use the following to answer question 23: A trial balance before adjustments included the following: Debit Credit Sales $760,000 Sales returns and

Please show work. Use the following to answer question 23:

A trial balance before adjustments included the following:

Debit

Credit

Sales

$760,000

Sales returns and allowance

$27,000

Accounts receivable

76,000

Allowance for doubtful accounts

1,600

23.

If the estimate of uncollectibles is made by taking 7% of gross account receivables, the amount of the net realizable value is

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