Correct the cash net realizable value of the accounts

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Correct! The cash (net) realizable value of the accounts receivable is accounts receivable less the ending balance in the Allowance for Doubtful Accounts. In this case, accounts receivable is $800,000and the ending balance in Allowance for Doubtful Accounts is $65,000. This results in cash (net) realizable value of $800,000 less $65,000, or $735,000.An analysis and aging of the accounts receivable of Raja Company at December 31 reveal the following data:Accounts receivable$800,000Allowance for doubtful accounts balance before adjustment (credit)12,000Amounts expected to become uncollectible65,000How much is the cash (net) realizable value of the accounts receivable at December 31, after adjustment?$788,000$723,000$735,000
$747,000Student Self Assessment 5Correct! Short-term notes receivable are recorded at face value, which is the principal amount of thenote.
At what amount is a short-term notes receivable recorded on the issue date?
Which of the following is the debit effect of the journal entry to record the dishonor of a note receivable?

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