Business, 06.11.2020 17:50, destinywashere101

Allen Company uses the percentofsales method for estimating bad debts expense. The company's bad debt expense is normally 1% of net credit sales which were 360000 for the year. During the year 500 was written off. The Allowance for Bad Debts account had a beginning credit balance of 1500 . What is the net realizable value of receivables if Accounts Receivable has a balance of 150000?

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Allen Company uses the percentofsales method for estimating bad debts expense. The company's bad deb...