Advanced Technology Reported the Following on Its Balance Sheet at December

question 65

Essay

Advanced Technology reported the following on its balance sheet at December 31,2012:
Accounts receivable, less Allowance for Doubtful Accounts of $\$ 20,500$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\$ 580,200$ A) What is the net realizable value of the company's accounts recervable?
B) What is the balance of the accounts receivable account?
C) Are you able to determine whether the company uses the allow ance method or the direct write off method for bad debts? Why or why not?

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