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. 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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