Question: The data presented below are for Falconi, Inc. for 2017. Credit sales during the year $2,100,000 Accounts receivableDecember 31, 2017 395,000 Allowance for doubtful accountsDecember

The data presented below are for Falconi, Inc. for 2017.

Credit sales during the year $2,100,000
Accounts receivableDecember 31, 2017 395,000
Allowance for doubtful accountsDecember 31, 2017 20,000
Bad debts expense for the year 17,000

What amount will Falconi show on its year-end balance sheet for the net realizable value of its accounts receivable?

a.$358,000

b.$20,000

c.$378,000

d.$375,000

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