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Russell Company uses the aging of accounts receivable method. The company performed an aging of accounts receivable on December 31 and gathered the following information:
Russell Company uses the aging of accounts receivable method. The company performed an aging of accounts receivable on December 31 and gathered the following information:
Accounts Receivable | $525,000 |
Unadjusted Credit balance in Allowance for Doubtful Accounts | 20,000 |
Estimated Uncollectible Accounts Receivable | 29,000 |
What is the amount of Accounts Receivable, Net that will be reported on the balance sheet at December 31?
a) $496,000
b) $467,000
c) $516,000
d) $505,000
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