Determine the Estimated Net Realizable (Collectable)value:
Bad Debts Are Estimated

Short Answer

Determine the estimated net realizable (collectable)value:
Bad debts are estimated to be 1% of receivables
$\begin{array}{lr}\text { Accounts receivable balance } & \$ 880,920 \\\text { Allowance for bad debts balance (debit) } & \$ 1,809 \\\text { Sales net value } & \$ 6,500,000\end{array}$
$ ________