Need Your help expert Quality Products has the following data:beginning accounts receivable $35,000,credit sales $420,000, cash collections$390,000, and write-offs $5,000. What isthe ending accounts receivable balance?

Explanation of Accounts Receivable: Accounts Receivable represents money owed to a company by…

Answered: Quality Products has the following…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4BE

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Accounts Receivable has a debit balance of $2,500, and the Allowance for UncollectibleAccounts has a credit balance of $500. A $70 account receivable is written off. What is theamount of net receivables (net realizable value) after the write-off?a. $2,430b. $1,930c. $2,000d. $2,070
What is the december 31, 2021 net realizable value?
i
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Quality Products has the following data: beginning accounts receivable $35,000, credit sales $420,000, cash collections $390,000, and write-offs $5,000. What is the ending accounts receivable balance?