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3 October, 16:53

Accounts Receivable has a balance of $ 4 comma 000$4,000 , and the Allowance for Bad Debts has a credit balance of $ 450$450. The allowance method is used. What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written off?

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  1. 3 October, 16:57
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    What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written off? is $3550

    Explanation:

    Account receivable 4000

    Allowance bad debts 450

    Net realizable = (400-140) - (450-140)

    =3860-310

    =3550
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