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Stanford Corp. has a calendar year end and prepares its financial statements annually. The adjusted trial balance ( NO MORE ADJUSTING ENTRIES ARE NEEDED) shows
Stanford Corp. has a calendar year end and prepares its financial statements annually. The adjusted trial balance ( NO MORE ADJUSTING ENTRIES ARE NEEDED) shows the following balances at December 31, 2019 (all accounts have normal balances): December 31, 2019 General Ledger Balances: Bad debt expense $ 100,000 Accounts Receivable 1,800,000 Allowance for Doubtful Accounts 200,000 What amount would be reported on Stanford Corp's balance sheet as the NET accounts receivable (the cash realizable value) at December 31, 2019? $2,000,000 O $1,600,000 $1,700,000 O $1,800,000 O $1,500,000
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