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2. Refer to the above data. VIP uses the balance sheet approach in estimating uncollectible accounts expense, and aging the accounts receivable indicates the estimated uncollectible portion to be $6,201. The net realizable value of VIP's accounts receivable in the January 31 balance sheet is: A) $239,743. B) $245,944. C) $232,808. D) $233,542.

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tanseershar

Answer:

The question is not complete where following data is missing;

Sales            Cr.$400,000

Accounts Receivable Dr.$240,000

Allowance for un-collectibles Cr.$700

Explanation:

The answer will be for NRV of A/R=$240,000-$6,201=$233,799 which is close to option D.$233,542 therefore option D is the answer.