Blended Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $1,400. During the year Blended wrote off uncollectible receivables of $1,800. Blended recorded Bad Debts Expense of $3,100. Blended's year-end balance in Allowance for Bad Debts is $2,700. Blended's ending balance of Accounts Receivable is $20,400. Compute the net realizable value of Accounts Receivable at year-end. OA $17,700 OB. $20,400 OC. $18.600 OD. $17,300

Blended Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $1,400. During the year Blended wrote off uncollectible receivables of $1,800. Blended recorded Bad Debts Expense of $3,100. Blended's year-end balance in Allowance for Bad Debts is $2,700. Blended's ending balance of Accounts Receivable is $20,400. Compute the net realizable value of Accounts Receivable at year-end. OA $17,700 OB. $20,400 OC. $18.600 OD. $17,300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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