Juan, Inc. had the following balances in accounts for the year ending December 31st: Accounts...
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Accounting
Juan, Inc. had the following balances in accounts for the year ending December 31st:
Accounts receivable: $34,800 (Dr.)
Allowance for Doubtful Accounts: $220 (Cr.)
Juan, Inc. estimates that 3% of accounts receivable will default (not pay).
The net realizable value of Accounts Receivable on the Balance Sheet will be:
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