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Gary Computer Store had credit sales of $400,000 in 2019. Before preparing end-of-year adjusting entries,...

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Accounting

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Gary Computer Store had credit sales of $400,000 in 2019. Before preparing end-of-year adjusting entries, allowance for uncollectible accounts had a debit balance of $3,300. As of December 31,2019 , the balance of accounts receivable was $410,000. The credit manager of Gary prepared an aging schedule of accounts receivable and estimates that $25,000 will be uncollectible. What is the net realizable value of accounts receivable reported on the balance sheet as at December 31, 2019? Round your interim calculations and final answer to 2 decimal places. Do not Include any dollar signs, percentage \% signs, commas, and/or spaces in your answer. Your answer should only include numbers. For negative numbers, (Ise a negative sign before the number e.g. -1021.57 Do not use brackets for negative numbers and do not leave a space between the negative sign and the number. Answer: 406700(385000)

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