If the balance of Phillips Company's gross Accounts Receivable is $150,000 on December 31 and the balance of the Allowance for Doubtful Accounts has a credit balance of $35,000 after the year end bad debts adjustment was made, what is the net realizable value of accounts receivable on December 31?

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The Answer of If the balance of Phillips Company's gross Accounts Receivable is $150,000 on December 31 and the balance of the Allowance for Doubtful Accounts has a credit balance of $35,000 after the year end bad debts adjustment was made, what is the net realizable value of accounts receivable on December 31?

If the Balance of Phillips Company's Gross Accounts Receivable Is