Before year-end adjusting entries, Susan Corp.'s account balances at December 31, 2016, for accounts receivable and the
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Before year-end adjusting entries, Susan Corp.'s account balances at December 31, 2016, for accounts receivable and the related allowance for uncollectible accounts were $1,250,000 and $95,000, respectively. An aging of accounts receivable indicated that $125000 of the December 31 receivables are expected to be uncollectible. The net realizable value of accounts receivable after adjustment is?
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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