Li Company Has the Following Account Balances Compute the Net Realizable Value of Li's Accounts Receivable

Essay

Li Company has the following account balances:
$\begin{array}{llr} \text { cash} &\$25,000\\ \text { Accounts receivable } &76,000\\ \text { Allowance for doubtful accounts } &5,100\\ \text { Uncollectible accounts expense } &6,200\\ \text { Credit sales} &115,000\\\end{array}$
Compute the net realizable value of Li's accounts receivable.