$140.00 this is for ameliorator

• From Economics: Accounting , Economics: General-Economics
• Due on Dec. 04, 2008
• Asked on Dec 03, 2008 at 10:58:28PM

Q:

this is for ameliorator

1. An analysis and aging of accounts receivable of the Lucille
Company at December 31, 2007, showed the following:
Accounts Receivable $840,000
Allowance for Doubtful Accounts
(before adjustment) 36,000 (cr)
Accounts estimated to be uncollectible 76,800
Compute the net realizable value of the accounts receivable of
Lucille Company at December 31, 2007.
A. $804,000 C. $763,200
B. $799,200 D. $727,200

My answer is B

 

Want to take a stab at the bounty and post a tutorial? Need clarification? Join us now or log in! Read more on how this works.