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Abbot Safe & Lock
the Following Information Was Obtained from the Company's

question 156

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Abbot Safe & Lock
The following information was obtained from the company's records for Year 1:
 Credit sales during the year $3,200,000 Accounts receivable-December 31, Year 1 325,000 Allowance for doubtful accounts-December 31, Year 1 35,000 Bad debt expense for the year 20,000\begin{array}{lr}\text { Credit sales during the year } & \$ 3,200,000 \\\text { Accounts receivable-December 31, Year 1 } & 325,000 \\\text { Allowance for doubtful accounts-December 31, Year 1 } & 35,000 \\\text { Bad debt expense for the year } & 20,000\end{array}

-Refer to the figure Abbot Safe & Lock.What amount will the company show on its year-end balance sheet for the net realizable value of its accounts receivable?

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Responsibilities

The tasks or duties that are required to be performed as part of a job role or position, often associated with accountability.

Tasks

Specific activities or assignments that need to be completed, often as part of a larger project or job role.

Work Processes

The methods and practices through which tasks are systematically completed in a work environment.

Cooking

The practice or skill of preparing food by combining, mixing, and heating ingredients.

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