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An analysis and aging of accounts receivable of the Lucille Company at December 31, 2007, showed the following:

Accounts Receivable $840,000
Allowance for Doubtful Accounts
(before adjustment) 36,000 (cr)
Accounts estimated to be uncollectible 76,800

Compute the net realizable value of the accounts receivable of Lucille Company at December 31, 2007.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M968817

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