At the End of the Current Year, Accounts Receivable Has

Essay

At the end of the current year, Accounts Receivable has a balance of $900,000, the Allowance for Uncollectible Accounts has a debit balance of $1,000 and net credit sales for the year are $3,000,000. Using the aging-of-receivables method, the balance of Allowance for Uncollectible Accounts is estimated at $30,000.
Required:
Determine the net realizable value of accounts receivable at the end of the year.