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Business, 20.12.2019 01:31 lucygperez9892

Ceres corporation conducts all sales on account and had net sales of $800,000 in 2020. on december 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $950,000 debit, and allowance for doubtful accounts $2,500 debit. the company estimates that 4% of its net sales will prove to be uncollectible. what is the net realizable value of the receivables reported on the financial statements at december 31, 2020?

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Ceres corporation conducts all sales on account and had net sales of $800,000 in 2020. on december 3...
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