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marta [7]
3 years ago
15

Before year-end adjusting entries, Marigold Corp.'s account balances at December 31, 2020, for accounts receivable and the relat

ed allowance for uncollectible accounts were $1430000 and $87400, respectively. An aging of accounts receivable indicated that $128000 of the December 31 receivables are expected to be uncollectible. What is the net realizable value of accounts receivable after adjustment is made?
Business
1 answer:
svetlana [45]3 years ago
4 0

Answer:

$1,302,000

Explanation:

To calculate the net realizable value of accounts receivable we have to subtract the value of accounts receivables aging report from total accounts receivable = $1,430,000 - $128,000 = $1,302,000

The accounts receivables aging report lists unpaid clients' invoices and unused credit memos.

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