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Calculate the net realizable value of accounts receivable at December 31, 2017, and prepare the...

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Accounting

Calculate the net realizable value of accounts receivable at December 31, 2017, and prepare the appropriate balance sheet presentation for Gibbs, Vo. As of that point in time. image
A portion of the ourrent assets section of the December 31, 2016, balance sheet for Gibbs Co. is presented here Accounts receivable Less: Allowance for bad debts 24,600 3,000) 21,600 The company's accounting records revealed the folowing information for the year ended December 31, 2017 on account $ 174,500 150,000 Cash collections from customers Accounts written of Bad debts expense (aocrued at 1231/17) Caloulate the net realizable value of accounts receivable at December 31, 2017, and prepare the appropriate balance sheet presentation for Gibbs Co, as of that point in time. (Hilint Use T-accounts to analyze the Accounts Receivable and Allowance for Bad Debts accounts.) Less Allowance for bad debts Accounts receivable (Net MacBook Air 20 3 5 7 8 9

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