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

question 64

Short Answer

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:

Mature Follicle

A fully developed ovarian follicle that is ready to release an egg during ovulation in the female reproductive cycle.

Penetrated

The action or process of making a way through or into something.

Secondary Follicle

A stage in the development of the ovarian follicles, characterized by the presence of two or more layers of granulosa cells around the oocyte.

Granulosa Cells

Cells that line the follicle in the ovary and are involved in the development and function of the follicle, including the production of estrogen.