An analysis and aging of Grouper Corp.'s accounts receivable at December 31, 2017, disclosed the following: Amounts estimated to be uncollectible Accounts receivable $160,700 $1,793,000 Allowance for doubtful accounts (per book) $126,500 Required: What is the net realizable value of Grouper Corp.'s receivables at December 31, 2017?

An analysis and aging of Grouper Corp.'s accounts receivable at December 31, 2017, disclosed the following: Amounts estimated to be uncollectible Accounts receivable $160,700 $1,793,000 Allowance for doubtful accounts (per book) $126,500 Required: What is the net realizable value of Grouper Corp.'s receivables at December 31, 2017?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...

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