After the Accounts Are Adjusted at the End of the Year

question 87

Short Answer

After the accounts are adjusted at the end of the year, Accounts Receivable has a balance of $450,000, Uncollectible Accounts Expense for the year was $18,000, and Allowance for Doubtful Accounts has a balance of $19,200. What is the net realizable value of the accounts receivable?

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Definitions:

Innately Satisfying

Actions or objects that are inherently pleasurable and do not require learning to be enjoyed.

Learning

The process of acquiring knowledge or skills through experience, study, or being taught.

Secondary Reinforcer

A learned stimulus that gains its reinforcing power through its association with a primary reinforcer.

Money

A medium of exchange in the form of coins and banknotes; used to facilitate transactions for goods, services, and debts.