An analysis and aging of the accounts receivable of Blue Spruce Corp. at December 31 reveal these
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Question:
An analysis and aging of the accounts receivable of Blue Spruce Corp. at December 31 reveal these data:
Accounts receivable | $3300000 |
Allowance for doubtful accounts per books before adjustment (credit) | 400000 |
Amounts expected to become uncollectible | 470000 |
What is the cash realizable value of the accounts receivable at December 31 after adjustment?
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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