Ellis Company The following data are from…
Ellis Company The following data are from the company’s records for 2018: Credit sales during the year $2,400,000 Accounts Receivable–December 31, 2018 410,000 Allowance for Doubtful Accounts – December 31, 2018 (after adjusting entries are made) 55,000 Bad debt expense for the year 70,000 Refer to Ellis Company data above. What amount will the company show on its year-end balance sheet for the net realizable value of its accounts receivable?
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