An analysis and aging of Horizon Industries' accounts receivable at June 30, 2024, provided the following information: Accounts receivable $2,450,000 Allowance for doubtful accounts (per books) $95,600 Amounts estimated to be uncollectible $138,750 What is the net realizable value of Horizon Industries' receivables at June 30, 2024?

An analysis and aging of Horizon Industries' accounts receivable at June 30, 2024, provided the following information: Accounts receivable $2,450,000 Allowance for doubtful accounts (per books) $95,600 Amounts estimated to be uncollectible $138,750 What is the net realizable value of Horizon Industries' receivables at June 30, 2024?

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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