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What is the net realizable value of the receivables

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Question: ?Lithotech, Inc had net sales in 2018 of $600,000 .At December? 31, 2018, before adjusting? entries, the balances in selected accounts? were: accounts receivable $122,000 ?debit, and allowance for doubtful accounts $1,600 credit. Lithotech estimates that 3?% of its receivables will prove to be uncollectible. What is the net realizable value of the receivables reported on the statement of financial position at December? 31, 2018 after adjusting? entries?

Reference no: EM132743631

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