An analysis and aging of the accounts receivable of Carla Vista Marine Service Company at December 31 reveal these data: Accounts receivable 12/31/X1 Bad Debt Expense for Year X1 $3,290,000 69,000 Allowance for doubtful accounts ENDING BALANCE 12/31/X1. Credit Balance 459,000 What is the cash realizable value of the accounts receivable at December 31 after adjustment?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...
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An analysis and aging of the accounts receivable of Carla Vista Marine Service Company at December
31 reveal these data:
Accounts receivable 12/31/X1
Bad Debt Expense for Year X1
$3,290,000
69,000
Allowance for doubtful accounts ENDING BALANCE 12/31/X1. Credit
Balance
459,000
What is the cash realizable value of the accounts receivable at December 31 after adjustment?
Transcribed Image Text:An analysis and aging of the accounts receivable of Carla Vista Marine Service Company at December 31 reveal these data: Accounts receivable 12/31/X1 Bad Debt Expense for Year X1 $3,290,000 69,000 Allowance for doubtful accounts ENDING BALANCE 12/31/X1. Credit Balance 459,000 What is the cash realizable value of the accounts receivable at December 31 after adjustment?
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