Warden Company has the following account balances at the end of 2014: $\begin{array}{lr}
\text { Cash } & \$ 25,000 \
\text { Accounts Receivable } & \$ 76,000 \
\text { Allowance for Doubtful Accounts } & \$ 3,200 \
\text { Credit Sales } & \$ 115,000
\end{array}$
Required:
Compute the net realizable value of the above accounts receivable.

Question

Warden Company has the following account balances at the end of 2014: $\begin{array}{lr}
\text { Cash } & \$ 25,000 \
\text { Accounts Receivable } & \$ 76,000 \
\text { Allowance for Doubtful Accounts } & \$ 3,200 \
\text { Credit Sales } & \$ 115,000
\end{array}$ 
Required:
Compute the net realizable value of the above accounts receivable.

Quizplus · Accepted Answer

The Answer of Warden Company has the following account balances at the end of 2014: $\begin{array}{lr}
\text { Cash } & \$ 25,000 \
\text { Accounts Receivable } & \$ 76,000 \
\text { Allowance for Doubtful Accounts } & \$ 3,200 \
\text { Credit Sales } & \$ 115,000
\end{array}$ 
Required:
Compute the net realizable value of the above accounts receivable.

Warden Company Has the Following Account Balances at the End