An analysis and aging of the accounts receivable of Carla Vista Marine Service Company at December 31 reveal these data: Accounts receivable 12/31/X1 Bad Debt Expense for Year X1 $3,290,000 69,000 Allowance for doubtful accounts ENDING BALANCE 12/31/X1. Credit Balance 459,000 What is the cash realizable value of the accounts receivable at December 31 after adjustment?
An analysis and aging of the accounts receivable of Carla Vista Marine Service Company at December 31 reveal these data: Accounts receivable 12/31/X1 Bad Debt Expense for Year X1 $3,290,000 69,000 Allowance for doubtful accounts ENDING BALANCE 12/31/X1. Credit Balance 459,000 What is the cash realizable value of the accounts receivable at December 31 after adjustment?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![An analysis and aging of the accounts receivable of Carla Vista Marine Service Company at December
31 reveal these data:
Accounts receivable 12/31/X1
Bad Debt Expense for Year X1
$3,290,000
69,000
Allowance for doubtful accounts ENDING BALANCE 12/31/X1. Credit
Balance
459,000
What is the cash realizable value of the accounts receivable at December 31 after adjustment?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad2876b1-c37b-496f-9809-6d7408651b34%2F91fbdfe9-343a-4e11-8f05-8cdc43596886%2Ftxz87d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An analysis and aging of the accounts receivable of Carla Vista Marine Service Company at December
31 reveal these data:
Accounts receivable 12/31/X1
Bad Debt Expense for Year X1
$3,290,000
69,000
Allowance for doubtful accounts ENDING BALANCE 12/31/X1. Credit
Balance
459,000
What is the cash realizable value of the accounts receivable at December 31 after adjustment?
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