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Find the net realizable value of the accounts receivable

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Reference no: EM132723062

Problem - Mary Martin owns a department store that has a $65,200 balance in Accounts Receivable and a $5,175 credit balance in Allowance for Doubtful Accounts.

Required -

1. Find the net realizable value of the accounts receivable.

2. Assume that an account receivable in the amount of $900 was written off using the allowance method. Find the net realizable value of the accounts receivable after the write-off.

Reference no: EM132723062

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