QUESTION 3On December 31 , 2018, Ava Company had an ending balance of $9,323 in its accounts receivable account and an unadjusted (current) balance in itsallowance for doubtful accounts account of $165 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 $

Adjusted balance of allowance for doubtful accounts = $9,323 x 9% = $839.07

Answered: QUESTION 3 On December 31 , 2018, Ava…

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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