Question 4 10 pts Your Company earned $600,000 of revenue on account and $100,000 of...
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Accounting
Question 4 10 pts Your Company earned $600,000 of revenue on account and $100,000 of cash sales during the year. It collected $550,000 of its receivables during the year. The beginning balance in the accounts receivable was $80,000 and allowance accounts beginning balance was $2,400. The company estimated that it will be unable to collect $10,000 of its current year's sales on account. What is the net realizable value of the receivables at year end? $130,000 $117,600 $217,600 $120,000 $142,400
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