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QUESTION 4 At the end of the current year, the accounts receivable account has a debit balance of $100,000 and Sales for the year totaled
QUESTION 4 At the end of the current year, the accounts receivable account has a debit balance of $100,000 and Sales for the year totaled $1,500,000. The Allowance for Doubtful Accounts has a DEBIT balance of $2,000 prior to adjustment. What is NET REALIZABLE VALUE after adjustment if an aging of the receivables indicates estimated doubtful accounts of $15,000? O $85,000 O $115,000 O $83,000 O $117,000
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