The cash realizable value is the difference between the     accounts receivable balance and the allowance account balance.   net sales and the allowance account balance.   accounts receivable balance and bad debt expense.   net sales and bad debt expense. 2 QUE Concord Company provides for bad debt expense at the rate of 3% of accounts receivable. The following data are available for 2018: Allowance for doubtful accounts, 1/1/18 (Cr.) $ 11300 Accounts written off as uncollectible during 2018 10400 Ending accounts receivable 1204000 The Allowance for Doubtful Accounts balance at December 31, 2018, should be     $37020.   $900.   $36120.   $35220.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The cash realizable value is the difference between the

 

 

accounts receivable balance and the allowance account balance.

 

net sales and the allowance account balance.

 

accounts receivable balance and bad debt expense.

 

net sales and bad debt expense.

2 QUE

Concord Company provides for bad debt expense at the rate of 3% of accounts receivable. The following data are available for 2018:

Allowance for doubtful accounts, 1/1/18 (Cr.) $ 11300
Accounts written off as uncollectible during 2018 10400
Ending accounts receivable 1204000


The Allowance for Doubtful Accounts balance at December 31, 2018, should be


 

 

$37020.

 

$900.

 

$36120.

 

$35220.

 

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