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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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?
Transcribed Image Text: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?
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