Becky had net sales all on account in 2017 of 800000 at, Ask an Expert

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Becky had net sales (all on account) in 2017 of $800,000. At December 31, 2016, before adjusting entries, the balances in selected accounts were: accounts receivable $1,000,000 debit, and allowance for doubtful accounts $2,000 debit. Becky estimates that 3% of its accounts receivable will prove to be uncollectible. What is the net realizable value of the receivables reported on the financial statements at December 31, 2017?

$32,000

$972,000

$968,000

$970,000

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92021132

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