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Business, 21.05.2020 04:11 rose200215

Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $ 1 comma 400. During the year Back wrote off uncollectible receivables of $ 2 comma 400. Back recorded Bad Debts Expense of $ 3 comma 000. Back's year-end balance in Allowance for Bad Debts is $ 2 comma 000. Back's ending balance of Accounts Receivable is $ 20 comma 900. Compute the net realizable value of Accounts Receivable at year-end.

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