Advanced Technology Reported the Following on Its Balance Sheet at December

question 73

Essay

Advanced Technology reported the following on its balance sheet at December 31,Year 1:
Accounts recevable, less allowance far doubteul accounts of $\$ 20,500$ $\quad$ $\quad$$\$ 580,200$
A) What is the net realizable value of the company's accounts receivable?

B) What is the balance of the accounts receivable account?

C) Are you able to determine whether the company uses the allowance method or the direct write off method for bad debts? Why or why not?

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