Business, 07.10.2021 17:10 Candycat

A company reports net credit sales of $100,000 during the period. The unadjusted balance in the allowance for doubtful accounts after making all receivables related adjustments for the period except the adjustment for bad debt is $2,000. The balance of the accounts receivable account is $70,000. If the company uses the income statement method and a 4% estimate of bad debt expense. Determine the net realizable value of receivables after bad debt adjustment.

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A company reports net credit sales of $100,000 during the period. The unadjusted balance in the allo...