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Before year-end adjusting entries, Carter Company's account balances at December 31,2013, for accounts receivable and the related allowance for uncollectible accounts were $600,000 and $45,000, respectively. An aging of accounts receivable indicated that $62,500 of the December 31 receivables are expected to be uncollectible. The net realizable value of accounts receivable after adjustment.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797844

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