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

question 114

Short Answer

Determine the estimated net realizable (collectable)value:
Bad debts are estimated to be 1% of receivables
$\begin{array}{lr}\text { Accounts receivable balance } & \$ 880,920 \\\text { Allowance for bad debts balance (debit) } & \$ 1,809 \\\text { Sales net value } & \$ 6,500,000\end{array}$
$ ________

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Definitions:

Coronal

refers to a direction in anatomy denoting a plane that divides the body into frontal (anterior) and back (posterior) parts.

Horizontal

Relating to or situated at a right angle to the vertical; parallel to the ground or to the horizon.

Generic Name

The common or non-brand name of a drug, as opposed to its trademarked brand name.

Brand Name

The trade name used by a company to identify its products or services as distinct from others.