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Leach Incorporated experlenced the following events for the first two years of Its operations:
Year :
Issued $ of common stock for cash.
Provided $ of services on account.
Provided $ of services and recelved cash.
Collected $ cash from accounts recelvable.
Pald $ of salarles expense for the year.
Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that percent
of the ending accounts recelvable balance will be uncollectible.
Year :
Wrote off an uncollectible account for $
Provided $ of services on account.
Provided $ of services and collected cash.
Collected $ cash from accounts recelvable.
Pald $ of salarles expense for the year.
Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that percent of the
ending accounts recelvable balance will be uncollectible.
What is the net realizable value of the accounts recelvable at December Year
Net realizable value
