At January 1, 2026, Tf-3JyT Company had accounts receivable of $166,030 and an allowance for...
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Accounting
At January 1, 2026, Tf-3JyT Company had accounts receivable of $166,030 and an allowance for doubtful accounts with a $17,560 credit balance. During 2026, TF-3JyT Company reported the following information: Recoveries of previously written-off accounts Net credit sales Write-offs of uncollectible accounts Cash collections from credit customers $ 16,650 $486,100 $ 39,920 $496,300 Tf-3JyT Company estimates bad debt expense using the net credit sales method and has estimated that 7% of its net credit sales will be uncollectible. Calculate Tf-3JyT Company's net realizable value at December 31, 2026
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