Question: Please given correct answer for General accounting question I need step by step explanation Delta Corporation's data for 2012 are presented below: Credit sales during

Please given correct answer for General accounting question I need step by step explanation

Delta Corporation's data for 2012 are presented below: Credit sales during the year ; Accounts receivable - December 31, 2012 $500,000 Allowance for bad debts - December 31, 2012/$50,000 Bad debt expense for the year $30,000 Refer to the information above for Delta Corporation. What amount will Delta show on its year-end balance sheet for the net realizable value of its accounts receivable? A. $450,000 B. $470,000 C. $500,000 D. $480,000

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