Determine the estimated net realizable (collectable)value:
Bad debts are estimated to be 3% of net credit sales.
$\begin{array}{l}
\text { Accounts receivable balance } & \$ 95,000 \
\text { Allowance for bad debts balance (credit) } & \$ 675 \
\text { Net Credit Sales } & \$ 800,000\
\$
\end{array}$

Question

Determine the estimated net realizable (collectable)value:
Bad debts are estimated to be 3% of net credit sales.
 $\begin{array}{l}
\text { Accounts receivable balance } & \$ 95,000 \
\text { Allowance for bad debts balance (credit) } & \$ 675 \
\text { Net Credit Sales } & \$ 800,000\
\$
\end{array}$

Quizplus · Accepted Answer

The Answer of Determine the estimated net realizable (collectable)value:
Bad debts are estimated to be 3% of net credit sales.
 $\begin{array}{l}
\text { Accounts receivable balance } & \$ 95,000 \
\text { Allowance for bad debts balance (credit) } & \$ 675 \
\text { Net Credit Sales } & \$ 800,000\
\$
\end{array}$

Determine the Estimated Net Realizable (Collectable)value: Bad Debts Are Estimated

Determine the Estimated Net Realizable (Collectable)value:
Bad Debts Are Estimated