A company performed an aging of accounts receivable on December 31 and gathered the following information:
| Accounts receivable | $620,000 |
| Allowance for doubtful accounts, before adjustment | 96,000 credit |
| Accounts receivable estimated to be uncollectible | 105,000 |
|
What is the net realizable value of accounts receivable to be reported on the balance sheet at December 31?
|
| $410,000 | |
 | $515,000 |
| $611,000 | |
| $524,000 |
Net realizable value = Accounts receivable – Allowance for doubtful accounts . $620,000 – $105,000 (adjusted balance) = $515,000
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