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What would be the net realizable value of receivables

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Question: X Company started the year with a $3,600 balance in accounts receivable and a $300 balance in the allowance for doubtful accounts. The company had credit sales of $20,000, collections on accounts receivable of $19,000, and wrote off uncollectible accounts of $200 during the year. The company believes that 3 percent of its credit sales will be uncollectible.

The net realizable value of receivables at the end of the year would be?

Reference no: EM132749664

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