Becky had net sales (all on account) in 2017 of $840000. At December 31, 2017,...
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Becky had net sales (all on account) in 2017 of $840000. At December 31, 2017, before adjusting entries, the balances in selected accounts were: accounts receivable $1060000 debit, and allowance for doubtful accounts $2490 debit. Becky estimates that 2% of its accounts receivable will prove to be uncollectible. What is the net realizable value of the receivables reported on the financial statements at December 31, 2017?
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