Li Company has the following account balances:
$\begin{array}{llr}
\text { cash} &\$25,000\
\text { Accounts receivable } &76,000\
\text { Allowance for doubtful accounts } &5,100\
\text { Uncollectible accounts expense } &6,200\
\text { Credit sales} &115,000\
\end{array}$
Compute the net realizable value of Li's accounts receivable.

Question

Li Company has the following account balances:
 $\begin{array}{llr}
  \text {  cash} &\$25,000\
 \text { Accounts receivable } &76,000\
 \text { Allowance for doubtful accounts } &5,100\
 \text { Uncollectible accounts expense } &6,200\
 \text {  Credit sales} &115,000\
\end{array}$
 Compute the net realizable value of Li's accounts receivable.

Quizplus · Accepted Answer

The Answer of Li Company has the following account balances:
 $\begin{array}{llr}
  \text {  cash} &\$25,000\
 \text { Accounts receivable } &76,000\
 \text { Allowance for doubtful accounts } &5,100\
 \text { Uncollectible accounts expense } &6,200\
 \text {  Credit sales} &115,000\
\end{array}$
 Compute the net realizable value of Li's accounts receivable.

Li Company Has the Following Account Balances Compute the Net Realizable Value of Li's Accounts Receivable