Losh Company has the following unadjusted account balances on December 31, 2019. The pre-adjustment balance of Allowance for Doubtful Accounts is $3,200 debit. This company uses the following aging of accounts receivable to estimate its bad debts.
The Net Realizable Value of Accounts Receivable reported on the year-end Balance Sheet will be:
A) $354,612
B) $391,925
C) $351,412
D) $348,212
Correct Answer:
Verified
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