On January 15, 2015, the accounts receivable balance was $7,000 and the balance in the allowance for doubtful accounts was $700 . On January 16, 2015, a $200 uncollectible account was written-off. The net realizable value of accounts receivable on January 16 immediately after the write-off is:
a. $6,300
b. $6,800
c. $6,500
d. $7,900
a
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What is wholesaling and why is it performed?
What will be an ideal response?
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