Question

At the end of the year, Swain Company had the following information: Credit sales for the year $1,000,000 Accounts receivable, beginning of year 250,000 Cash collections during the year 1,050,000 Allowance for doubtful accounts, beginning of year 25,000 Bad debt expense recorded during the year, 8,000 Based on this information and assuming no write-offs were recorded under the allowance method, what is the net realizable value of accounts receivable at the end of the year? Question 1 options: 217,000 192,000 200,000 167,000 175,000

Answer 1

what is the net realizable value of accounts receivable at the end of the year?

options: 217,000

Step-by-step explanation:

Credit sales_______1000000

Cash Collections__ _1050000

Account Receivable__250000

Allowance begining___25000

Bad debt expense ____8000

Net realizable value__217000