Build-a-Bridge (BAB) Inc. begins business operations on January 1 2022. During the year the company...
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Build-a-Bridge (BAB) Inc. begins business operations on January 1 2022. During the year the company makes $1,500,000 of sales on account (i.e., on credit). During the year, BAB Inc. makes cash collections of $1,300,000 and records bad debt expense of $50,000. The company writes off $10,000 of its accounts receivable as uncollectible for a bankrupt customer - Sense-a-Bull. What is the net realizable value of BAB's accounts receivable on its December, 31 2022 balance sheet?
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