Perez Company began the current year with a balance of $162,000 in accounts receivable and $10,000 in allowance for doubtful accounts. During the year, it provided $663,000 in services to customers on account and collected $583,500 in cash from its accounts receivable. Perez wrote off $7,200 of uncollectible accounts during the year. At the end of the year, the company prepared an aging schedule and adjusted its accounts based on the estimate that $15,400 of receivables would not be collected.

 Required:

 a. Compute the uncollectible accounts expense.

 b. Determine the net realizable value of accounts receivable at the end of the current year.

Answer rating: 100% (QA)

a To compute the uncollectible accounts expense we need to find the total estimated uncollectible ac... View the full answer