Question 7 The following account balances were extracted from the accounting records of Paul Corporation at the end of the year. Accounts Receivable $500,000 Allowance for Doubtful Accounts (credit) 25,000 Bad Debts Expense 40,000 What is the net realizable value of the accounts receivable at the end of the year? $525,000 $475,000 $460,000 $500,000