Homework Answers
Accounts Receivable at Dec 31, 2019 =
$88000+120000-150000+6000-4000 = $60000
Allowance for Doubtful accounts at Dec 31, 2019 =
$8000+6000-4000+120000x5.5% = $16600
Net Realizable Value of Accounts Receivable at Dec 31, 2019 = $60000-16600 = $43400
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Question 3 2.5 pts Jake Company records bad debt expense using the net credit sales method...
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