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After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $726,887 and Allowance for Doubtful Accounts has a balance of $23,312. What is the net realizable value of accounts receivable?

Respuesta :

Answer:

$703,575

Explanation:

The computation of the net realizable value of accounts receivable is shown below:-

Net realizable value of accounts receivable = Accounts Receivable -  Allowance for doubtful accounts

= $726,887 - $23,312

= $703,575

So, for computing the net realizable value of accounts receivable we simply applied the above formula.

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