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Question 10: On November 30 , Granger Falls has accounts receivable of $180,000 and a credit balance of $3,000 in Allowance for Doubtful Accounts. a.
Question 10: On November 30 , Granger Falls has accounts receivable of $180,000 and a credit balance of $3,000 in Allowance for Doubtful Accounts. a. What is the cash (net) realizable value on November 30 ? b. Hopkins uses the percentage of receivables method to determine uncollectible receivables. On December 31 , the accounts receivable balance is $200,000 and Allowance for Doubtful Accounts has a $4,000 credit balance. Management estimates that 2% of receivables will not be collected. For what amount would the adjustment be to record the estimate of uncollectible accounts
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