hughes company has accounts receivable balance of $200,000 and a credit balance of $2,000 in...
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Accounting
hughes company has accounts receivable balance of $200,000 and a credit balance of $2,000 in its allowance for doubtful accounts before any adjustments at the end of the year. hughes company estimates that 1% of its credit sales will be uncollectible. credit sales for the year was $1,000,000. what is the net realizable value of the accounts receivable at the end of the year?
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