Compute the net realizable value of the accounts receivable, Ask an Expert

Accounting

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.

A. $804,000 C. $763,200

B. $799,200 D. $727,200

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9403036

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