Li Company has the following account balances:Cash$ 25,000Accounts receivable76,000Allowance for doubtful accounts5,100Uncollectible accounts expense6,200Credit sales115,000Compute the net realizable value of Li's accounts receivable.
What will be an ideal response?
$71,000 Accounts receivable - $5,100 Allowance = $70,900 Net realizable value
Business
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