Before the accounts are adjusted and closed at the end of the year,Accounts Receivable has a normal balance of $210,000 and Allowance for Doubtful Accounts has a credit balance $3,000.What is the net realizable value of the accounts receivable?
A)$213,000
B)$207,000
C)$210,000
D)$200,000

Question

Quizplus · Accepted Answer

The net realizable value of accounts receivable is calculated by subtracting the Allowance for Doubtful Accounts from the Accounts Receivable. Therefore, $210,000 - $3,000 = $207,000.

Before the Accounts Are Adjusted and Closed at the End