Question 3

A2Z Events The following data are from the companys records for 2012:

Credit sales during the year	$2,400,000
Accounts Receivable--December 31, 2012	410,000
Allowance for Doubtful Accounts--December 31, 2012	55,000
Bad debt expense for the year	70,000

Refer to A2Z Events. What amount will the company show on its year-end balance sheet for the net realizable value of its accounts receivable?

		$410,000
		$285,000
		$340,000
		$355,000