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Question 6 (1 point) Becky had net sales (all on account) in 2014 of $600,000. At December 31, 2013, before adjusting entries to recognize bad
Question 6 (1 point) Becky had net sales (all on account) in 2014 of $600,000. At December 31, 2013, before adjusting entries to recognize bad debt expense, the balances in selected accounts were: accounts receivable $750,000 debit, and allowance for doubtful accounts $1,500 debit. Becky estimates that 3% of its net sales will prove to be uncollectible. What is the net realizable value of the receivables reported on the financial statements at December 31, 2014? $730,500 $732,000 $733,500 $133,500
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