Before the Accounts Are Adjusted and Closed at the End

question 52

Multiple Choice

Before the accounts are adjusted and closed at the end of the year, Accounts Receivable has a normal balance of $510,000 and Allowance for Doubtful Accounts has a credit balance $3,000. What is the net realizable value of the accounts receivable?

• A) $513,000
• B) $507,000
• C) $510,000
• D) $504,000