At December 31, 2014, BEFORE adjustment, MA Company has accounts receivable of $500,000 and a balance in the allowance fir…
At December 31, 2014, BEFORE adjustment, MA Company has accounts receivable of $500,000 and a balance in the allowance fir doubtful accounts of $4000. If MA Company has net credit sales of $800,00 and estimates that 1% will be uncollectake, what is the net realizable value of accounts receivable as reported on the balance sheet?
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