Question: Calculation of Net Realizable Value A . J . Solas owns a department store that has a $ 5 0 , 0 0 0 balance

Calculation of Net Realizable Value A. J. Solas owns a department store that has a $50,000 balance in Accounts Receivable and a $2,500 credit balance in Allowance for Doubtful Accounts.1. Determine the net realizable value of the accounts receivable.2. Assume that an account receivable in the amount of $500 was written off using the allowance method. Determine the net realizable value of the accounts receivable after the write-off.

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