An analysis and aging of Pharoah Corp. accounts receivable at December 31, 2017, disclosed the following. Amounts estimated to be uncollectible Accounts receivable $183,680 1,793,800 Allowance for doubtful accounts (per books) 128,620 What is the net realizable value of Pharoah's receivables at December 31, 2017?
An analysis and aging of Pharoah Corp. accounts receivable at December 31, 2017, disclosed the following. Amounts estimated to be uncollectible Accounts receivable $183,680 1,793,800 Allowance for doubtful accounts (per books) 128,620 What is the net realizable value of Pharoah'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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Transcribed Image Text:An analysis and aging of Pharoah Corp. accounts receivable at December 31, 2017,
disclosed the following.
Amounts estimated to be uncollectible
Accounts receivable
$183,680
1,793,800
Allowance for doubtful accounts (per books) 128,620
What is the net realizable value of Pharoah's receivables at December 31, 2017?
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