solved : On January 1, 2020, Raven’s Distillery had a balance of $80,
On January 1, 2020, Raven’s Distillery had a balance of $80,000 inAccounts Receivable and a balance of $20,400 in the Allowance for Doubtful Accounts.During 2020, the company collected cash of $175,575?rom customers on account.?t also made $750,000 in sales, 60% of which were on credit. The company uses the percentage of credit sales method to account for bad debts. They expect that 5% of credit sales are uncollectible.?dditionally, the company wrote off $22,000 of uncollectible accounts.What is net realizable value of Raven’s receivables at the end of 2020? Round to the nearest whole number.?ccountingBusinessFinancial AccountingACCTG 215
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