QUESTION 1 On December 31 , 2018, Ava Company had an ending balance of $5864 in its accounts receivable account and an unadjusted (current) balance in its allowance for doubtful accounts account of $160.Ava estimates uncollectible accounts expense to be 9% of receivables. .Based on this information, the amount of net realizable accounts receivable shown on the 2018 balance sheet is $

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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QUESTION 1
On December 31, 2018, Ava Company had an ending balance of $5864 in its accounts receivable account and an unadjusted (current) balance in its
allowance for doubtful accounts account of $160.Ava estimates uncollectible accounts expense to be 9% of receivables. Based on this information,
the amount of net realizable accounts receivable shown on the 2018 balance sheet is $
Transcribed Image Text:QUESTION 1 On December 31, 2018, Ava Company had an ending balance of $5864 in its accounts receivable account and an unadjusted (current) balance in its allowance for doubtful accounts account of $160.Ava estimates uncollectible accounts expense to be 9% of receivables. Based on this information, the amount of net realizable accounts receivable shown on the 2018 balance sheet is $
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