An analysis and aging of the accounts receivable of Prince Company at December 31 reveals the following data.
|
Accounts receivable |
$800,000 |
|
Allowance for doubtful |
|
|
accounts per books before |
|
|
adjustment |
50,000 |
|
Amounts expected to become |
|
|
uncollectible |
65,000 |
The cash realizable value of the accounts receivable at December 31, after adjustment, is:
a. $685,000.
c. $800,000.
b. $750,000.
d. $735,000.