Business, 11.11.2019 20:31 Brucechavez3334

The following information is related to december 31, 2016 balances.

•

accounts receivable

$159

•

allowance for doubtful accounts (credit)

(103000)

•

cash realizable value

112

during 2017 sales on account were $373000 and collections on account were $212000. also, during 2017 the company wrote off $20600 in uncollectible accounts. an analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144000. the change in the cash realizable value from the balance at 12/31/16 to 12/31/17 was:

$512400 increase.

$489000 increase.

$487000 increase.

$466400 increase.

Answers: 2

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The following information is related to december 31, 2016 balances.

•

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