Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 71

Accounting for Uncollectible Accounts: An Income Statement Approach
Wilson Corporation uses an income statement approach to estimate credit losses.ts gross Accounts Receivable of $5,000,000 at the beginning of the period had a net realizable value of $4,925,000.uring the period, the company wrote off actual accounts receivable of $100,000 and collected $7,835,000 from credit customers.redit sales for the year amounted to $9,000,000.f its credit sales, 1 percent was estimated to eventually be uncollectible.
Determine the net realizable value of the company's accounts receivable at the end of the period.