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At December 31, 2014, BEFORE adjustment, MA Company has accounts receivable of $500,000 and a balance in the allowance fir...

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At December 31, 2014, BEFORE adjustment, MA Company has accounts receivable of $500,000 and a balance in the allowance fir doubtful accounts of $4000. If MA Company has net credit sales of $800,00 and estimates that 1% will be uncollectake, what is the net realizable value of accounts receivable as reported on the balance sheet?

 

Paper#74642 | Written in 18-Jul-2015

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