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After the accounts are adjusted and closed at the end of the fiscal year, Accounts...

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Accounting

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $636,862 and Allowance for Doubtful Accounts has a balance of $24,869. What is the net realizable value of the accounts receivable?

Select the correct answer.

$661,731

$24,869

$611,993

$636,862

Answer & Explanation Solved by verified expert
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