Before Adjusting Entries, Kilby Corp's Accounts Receivable and Allowance for Doubtful

question 44

Multiple Choice

Before adjusting entries, Kilby Corp's accounts receivable and allowance for doubtful accounts are $745,000 and $7,000 (credit balance) , respectively. Using an aging schedule of accounts receivable, it is determined that $60,000 of the accounts receivable would probably be uncollectible. Calculate the net realizable value of Truman's receivables at year end.

• A)$681,000
• B)$695,000
• C)$809,000
• D)$685,000

---

Definitions:

Leaflets

Leaflets are the individual segments or units of a compound leaf, each resembling a small leaf but part of a larger structure.

Blade

(1) The thin, expanded part of a leaf. (2) The flat, leaflike structure of certain multicellular algae.

Palmately Netted

A leaf venation pattern where principal veins spread out from a single point like the fingers of a hand.

Pinnately Netted

Describes a leaf vein pattern where a main vein runs the length of the leaf and smaller veins branch off from the main vein to the leaf edges, resembling a feather.