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Harper Enterprises had accounts receivable of $520,000 and an allowance for doubtful accounts of $22.500 just before writing off an uncollectible account from Nelson Corp. for $1,750. What was the net realizable value of accounts receivable before and after the write-off?

Harper Enterprises had accounts receivable of $520,000 and an allowance for doubtful accounts of $22.500 just before writing off an uncollectible account from Nelson Corp. for $1,750. What was the net realizable value of accounts receivable before and after the write-off?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4PB: Bristax Corporation recorded $1,385,660 in credit sales for the year, and $732,410 in accounts...
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Harper Enterprises had accounts receivable of $520,000 and an allowance for doubtful accounts of $22.500 just before writing off an uncollectible account from Nelson Corp. for $1,750. What was the net realizable value of accounts receivable before and after the write-off?
Transcribed Image Text:Harper Enterprises had accounts receivable of $520,000 and an allowance for doubtful accounts of $22.500 just before writing off an uncollectible account from Nelson Corp. for $1,750. What was the net realizable value of accounts receivable before and after the write-off?
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