Question: Suppose Fine Chocolates Co. estimates bad debt under the aging method. Before adjusting entries at year end, the following accounts had these normal balances: Accounts

Suppose Fine Chocolates Co. estimates bad debt under the aging method.

Suppose Fine Chocolates Co. estimates bad debt under the aging method. Before adjusting entries at year end, the following accounts had these normal balances: Accounts Receivable: $4,000 Allowance for Uncollectible Accounts: $500 Sales Revenue: $34,000 Per the aging schedule, uncollectible accounts is estimated at $950. After the company records the adjusting entry for bad debt, what is the net realizable value of accounts receivable, also known as A/R, net

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