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After the accounts are adjusted and closed at the end of the year, Accounts Receivable has a $450,000 balance and Allowance for Uncollectible Accounts has a $25,000 credit balance. What is the net realizable value of the Accounts Receivable?

Respuesta :

Answer:

$425,000

Explanation:

The computation of the net  realizable value of the Accounts Receivable is shown below:

= Balance of account receivable - credit balance of Allowance for Uncollectible Accounts

= $450,000 - $25,000

= $425,000

We simply deduct the credit balance from the balance of account receivable so that the net realizable value could come

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