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Respond maining Time: 36 minutes, 11 seconds. uestion Completion Status: QUESTION 7 At December 31, 2016, Denise Enterprises reported Accounts Receivable of $45,000 and Allowance

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Respond maining Time: 36 minutes, 11 seconds. uestion Completion Status: QUESTION 7 At December 31, 2016, Denise Enterprises reported Accounts Receivable of $45,000 and Allowance for Doubtful Accounts of $3,500. On January 7, 2017, Greene Company declares bankruptcy and it is determined that the receivable of $1,200 from Greene is not collectible. 1. What is the cash realizable value of Accounts Receivable at December 31, 2016? 2. What entry would Denise make to write off the Greene account? 3. What is the cash realizable value of Accounts Receivable after the Greene account is written off? TT T Arial 3 (121) Php Words: QUESTION Click Save and Submit to save and submit. Click Save All Ansicers to see all answers Save All Ang

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