Business, 20.03.2020 20:20 yedida

Wilson Corporation uses an income statement approach to estimate credit losses. Its gross Accounts Receivable of $5,000,000 at the beginning of the period had a net realizable value of $4,925,000. During the period, the company wrote off actual accounts receivable of $100,000 and collected $7,835,000 from credit customers. Credit sales for the year amounted to $9,000,000. Of its credit sales, 1 percent was estimated to eventually be uncollectible.

Determine the net realizable value of the company's accounts receivable at the end of the period. (Omit the "$" sign in your response.)

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Wilson Corporation uses an income statement approach to estimate credit losses. Its gross Accounts R...