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QUESTION
An analysis and aging of accounts receivable of the Lucille Company at December 31, 2007, showed the following:
An analysis and aging of accounts receivable of the LucilleCompany at December 31, 2007, showed the following:Accounts Receivable $840,000Allowance for Doubtful Accounts(before adjustment) 36,000 (cr)Accounts estimated to be uncollectible 76,800Compute the net realizable value of the accounts receivable ofLucille Company at December 31, 2007.A. $804,000 C. $763,200B. $799,200 D. $727,200
