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Questions 4 and 5 use the following information. Problem 3, Question 5. Beginning accounts receivable 164,000 Beginning allowance for doubtful accounts 5,400 Sales 2,000,000 Collections
Questions 4 and 5 use the following information. Problem 3, Question 5. Beginning accounts receivable 164,000 Beginning allowance for doubtful accounts 5,400 Sales 2,000,000 Collections on account 1,720,000 Accounts written off 11,800 Collections of accounts previously written off 1.100 Current balance of bad debt expense Uncollectible accounts as a percentage of receivables 4.00% 5) Using the balance sheet approach, what is the net realizable value of accounts receivable? Numeric Response
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