The following account balances were extracted from the accou

The following account balances were extracted from the accounting records o Thomas Corporation at the end of the year: Accounts Recievable $1,105,000. Allowance for uncollectible acccounts(credit) $37,000. Uncollectible-Account Expense $64,000

What is the net realizable value of the accounts recievable?

A. $1,142,000

B. $1,169,000

C. $1,105, 000

D. $1,068,000

Explain

Solution

D. $1,068,000

Net realizable value of the accounts recievable = $1,105,000 - $37,000 = $1,068,000