Pinata Company has the following unadjusted account balances on December 31, 2019. The pre-adjustment balance of Allowance for Doubtful Accounts is $9,600 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) $1,063,836
B) $1,175,775
C) $1,054,236
D) $1,044,636
Correct Answer:
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