Back Company uses the allowance method to account for uncollectible receivables. At the beginning of the...
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Back Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $900. During the year Back wrote off uncollectible receivables of $2,100. Back recorded Bad Debts Expense of $3,100 Back's year-end balance in Allowance for Bad Debts is $1,900 Back's ending balance of Accounts Receivable is $20,200 Compute the net realizable value of Accounts Receivable at year-end. Back Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $900. During the year Back wrote off uncollectible receivables of $2,100. Back recorded Bad Debts Expense of $3,100 Back's year-end balance in Allowance for Bad Debts is $1,900 Back's ending balance of Accounts Receivable is $20,200 Compute the net realizable value of Accounts Receivable at year-end.
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