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26 October, 03:08

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $703,938 and Allowance for Doubtful Accounts has a balance of $19,734. What is the net realizable value of accounts receivable? a.$684,204 b.$723,672 c.$703,938 d.$19,734

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  1. 26 October, 03:35
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    The net realizable value of accounts receivable is $684,204

    Explanation:

    To calculate subtract the doubtful-accounts allowance from the total accounts receivable. The result will be the net realizable value of accounts receivable. accounts receivable = $703,938 doubtful-accounts = $19,734. the net realizable value of accounts receivable = accounts receivable ± doubtful-accounts Therefore, the net realizable value of accounts receivable is $684,204
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