The following data relate to accounts receivable of Ritsu Company for 2019: Accounts Receivable, Jan. 1 650,000 Credit Sales 2,700,000 Sales Return 75,000 Accounts Written Off 40,000 Collections from customers 2,150,000 Estimated future sales return at December 31 50,000 Estimated uncollectible accounts at 12/31 per aging 110,000 What amount should Ritsu report as net realizable value of accounts receivable on December 31, 2019?
The following data relate to
Accounts Receivable, Jan. 1 650,000
Credit Sales 2,700,000
Sales Return 75,000
Accounts Written Off 40,000
Collections from customers 2,150,000
Estimated future sales return at December 31 50,000
Estimated uncollectible accounts at 12/31 per aging 110,000
What amount should Ritsu report as net realizable value of accounts receivable on December 31, 2019?
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