Compute the net realizable value of the accounts receivable, Accounting Basics

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Compute the net realizable value of the accounts receivable

An analysis and aging of accounts receivable of the Lucille Company at December 31, 2007, showed the following:

Accounts Receivable $840,000
Allowance for Doubtful Accounts
(before adjustment) 36,000 (cr)
Accounts estimated to be uncollectible 76,800

Compute the net realizable value of the accounts receivable of Lucille Company at December 31, 2007.

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Accounting Basics: Compute the net realizable value of the accounts receivable

Reference No:- TGS086200

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Accounting Basics: Compute the net realizable value of the accounts receivable

Reference No:- TGS086200

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Microorganisms in a tissue sample from a lung biopsy

Q : What are potential barriers to transfer of training

Q : Why brand manager position is a good training ground

Q : Manufacturers of electronic devices have a duty

Q : Compute the net realizable value of the accounts receivable

Q : Quality improvement expenditures cease

Q : Allocates the cost of the setup mechanics

Q : How supervisors use information regarding diversity

Q : Draw the hierarchy chart and then plan the logic

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Compute the net realizable value of the accounts receivable

Reference No:- TGS086200

Recent Questions Asked Accounting Basics

Q : Microorganisms in a tissue sample from a lung biopsy

Q : What are potential barriers to transfer of training

Q : Why brand manager position is a good training ground

Q : Manufacturers of electronic devices have a duty

Q : Compute the net realizable value of the accounts receivable

Q : Quality improvement expenditures cease

Q : Allocates the cost of the setup mechanics

Q : How supervisors use information regarding diversity

Q : Draw the hierarchy chart and then plan the logic

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