After the accounts are adjusted and closed at the end of the fiscal year, Accounts...
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Accounting
After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $650,881 and Allowance for Doubtful Accounts has a balance of $24,336. What is the net realizable value of the accounts receivable? a. $24,336 Oa. Ob. $650,881 Oc. $675,217 Od. $626,545 A 60-day, 9% note for $18,000, dated May 1, is received from a customer on account. The maturity value of the no Oa. $19,620 Ob. $18,270 Oc. $270 Od. $18,000 A machine costing $56,382 with a 7-year life and $53,104 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation. Round your answer to the nearest whole dollar. per year
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