Question: Given the below data, what is the net realizable value of the receivables at the end of the year? Revenues: $11,500 Accounts Receivable ending balance:

Given the below data, what is the net realizable value of the receivables at the end of the year?

Revenues: $11,500

Accounts Receivable ending balance: $8,000

Allowance for bad debt beginning balance: $500

Bad debt expense: 8% of revenues

Write-offs of receivables: $120

A. $6,700

B. $9,500

C. $4,920

d. $6,300

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