An analysis and aging of the accounts receivable of Watts Company at December 31 reveal these data: $\begin{array} { l }
\text {Accounts receivable }&\$3,200,000\
\text { Allowance for doubtful accounts per books before adjustment}&200,000\
\text { Amounts expected to become uncollectible}&260,000\
\end{array}$
What is the cash realizable value of the accounts receivable at December 31 after adjustment?
A)$2740000
B)$3000000
C)$3200000
D)$2940000

Question

An analysis and aging of the accounts receivable of Watts Company at December 31 reveal these data: $\begin{array} { l  } 
 \text {Accounts receivable }&\$3,200,000\
 \text { Allowance for doubtful accounts per books before adjustment}&200,000\
 \text {  Amounts expected to become uncollectible}&260,000\
\end{array}$
 What is the cash realizable value of the accounts receivable at December 31 after adjustment?
A)$2740000
B)$3000000
C)$3200000
D)$2940000

Quizplus · Accepted Answer

The Answer of An analysis and aging of the accounts receivable of Watts Company at December 31 reveal these data: $\begin{array} { l  } 
 \text {Accounts receivable }&\$3,200,000\
 \text { Allowance for doubtful accounts per books before adjustment}&200,000\
 \text {  Amounts expected to become uncollectible}&260,000\
\end{array}$
 What is the cash realizable value of the accounts receivable at December 31 after adjustment?
A)$2740000
B)$3000000
C)$3200000
D)$2940000

An Analysis and Aging of the Accounts Receivable of Watts