The Following Data Concern Wang Corporation for 2017: What Amount Will Wang Show on Its Year-End Balance Sheet

The following data concern Wang Corporation for 2017: ?
$$\begin{array} { l r } \text { Credit sales during the year } & \$ 1,600,000 \\\text { Accounts receivable-December } 31,2017 & 235,000 \\\text { Allowance for doubtful accounts-December 31,2017 } & 18,000 \\\text { Bad debts expense for the year } & 11,000\end{array}$$ What amount will Wang show on its year-end balance sheet for the net realizable value of its accounts receivable?

A) $253,000
B) $235,000
C) $224,000
D) $217,000

Correct Answer:

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