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Q4. At the end of 2023, King Co.s gross accounts receivable was $187,000, and its allowance for doubtful accounts was 6,850. During 2024, King wrote
Q4. At the end of 2023, King Co.s gross accounts receivable was $187,000, and its allowance for doubtful accounts was 6,850. During 2024, King wrote off $21,350 as bad debts. At the end of 2024, Kings gross accounts receivable was $210,000 and recorded bad debt expense $24,000. If there was no other transaction that affected allowanace for doubtful accounts, how much is the net realizable value of accounts receivable at the end of 2024?
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