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: $3,480,000 (Dr.) Allowance for Doubtful Accounts: $22,000 (Cr.) Net credit sales: $5,500,000 (Cr.) Juan, Inc. estimates bad debt expense as 2% of Accounts Receivable for the year. After adjusting journal entries, the net realizable value of Accounts Receivable on the Balance Sheet will be: Do not use the dollar sign or a decimal in your answer. Commas are ok.?
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