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After the Accounts Are Adjusted at the End of the Year

Question 87

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After the accounts are adjusted at the end of the year, Accounts Receivable has a balance of $450,000, Uncollectible Accounts Expense for the year was $18,000, and Allowance for Doubtful Accounts has a balance of $19,200. What is the net realizable value of the accounts receivable?

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$450,000 -...

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