Business, 23.06.2020 23:01 Crxymia

Hancock Medical Supply Co., earned $85,000 of revenue on account during Year 1, its first year of operation. During Year 1, Hancock collected $67,600 of cash from its receivables accounts. The company did not write-off any uncollectible accounts. It estimates that it will be unable to collect 1% of revenue on account. What is the net realizable value of receivables that will be reported on the balance sheet at December 31, Year 1

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Hancock Medical Supply Co., earned $85,000 of revenue on account during Year 1, its first year of op...

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