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Question 7 Answer saved Marked out of 1.00 P Flag question Use the following information to answer the next two questions: Harris Company uses the

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Question 7 Answer saved Marked out of 1.00 P Flag question Use the following information to answer the next two questions: Harris Company uses the allowance method of handling its credit losses. It estimates credit losses at 1.5% of credit sales, which were $2,700,000 during the year. On December 31, the Accounts Receivable balance was $475,000, and the Allowance for Doubtful Accounts had a balance of $30,600 before adjustment. U UTUNA YOL JW Mare But Of 1. pag question What would be the Net Realizable Value of Harris Company's Accounts Receivable at year end, after the adjusting entry for bad debts has been recorded? Select one: a. 403,900 b. 434,500 c. 444,400 d. 465,100

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