Baseball Company uses the allowance method to account for uncollectible receivables. At the beginning of the year,
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Baseball 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 $800. During the year Baseball wrote of uncollectible receivables of $1,900, Baseball recorded Bad Debts Expense of $2,700. Baseball's year-end balance in Allowance for Bad Debts is $1,600. Basebal's ending balance of Accounts Receivable is $21,000, Compute the net realizable value of Accounts Receivable at year-end.
A $18,300
B $19,400
C $19,100
D. $21,000
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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