Net realizable value
= Accounts Receivable - Amount estimated to be uncollectible
= 1,793,800 - 183,680
= 1,610,120
Comment if you face any issues
2. An analysis and aging of Ivanhoe Corp. accounts receivable at December 31, 2020, disclosed the following. Amounts es...
2. An analysis and aging of Riverbed Corp. accounts receivable at December 31, 2020, disclosed the following. Amounts estimated to be uncollectible Accounts receivable Allowance for doubtful accounts (per books) $ 182,300 1,786,000 126,040 What is the net amount expected to be collected of Riverbed's receivables at December 31, 2020? Net realizable value $ 1659960 3. Marin Co. provides for doubtful accounts based on 2% of gross accounts receivable. The following data are available for 2020. Credit sales during 2020...
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